Adopting the Australian tuition fee system could result in poorer students staying away from expensive courses
A new report by the Higher Education Policy Institute (Hepi) recommends that UK policymakers pay much closer attention to Australia's "advanced" university funding system, which shares many of the features of the UK system, but at considerably lower taxpayer expense.
It is easy to see why higher education finance policymakers might be tempted to look at Australia for inspiration. The recent finding that the resource accounting and budgeting (RAB) charge or the proportion of unpaid student loan debt that is covered by the taxpayer may reach 45% shocked many.
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