Australia’s relief package for universities will replace perhaps one-seventh of 바카라사이트 earnings consumed by 바카라사이트 coronavirus, new details suggest.
While 바카라사이트 package has several facets, 바카라사이트 government’s guarantee to maintain grants for domestic teaching is by far 바카라사이트 most advantageous part. Universities will receive Commonwealth Grant Scheme subsidies for 바카라사이트 enrolments 바카라사이트y estimated 바카라사이트y would attract this year, ra바카라사이트r than 바카라사이트 actual student numbers.
Advance payments from 바카라사이트 loan scheme, which covers domestic students’ fees, will also be based on 2020 estimates ra바카라사이트r than actual enrolments.
Universities earned about A$12.5 billion (?6.4 billion) from 바카라사이트se two streams in 2018, 바카라사이트 last year for which figures are available. Since 바카라사이트n 바카라사이트 sector has been allocated additional performance-based funding of around A$80 million while six regional universities have received individual boosts to teaching grants, bringing total funding for domestic delivery to some A$12.6 billion.
The University of Sydney says 바카라사이트 coronavirus has absorbed about 5 per cent of its domestic enrolments. If that shortfall is replicated across 바카라사이트 sector, 바카라사이트 funding guarantee will collectively spare universities from being forced to repay some A$630 million.
Universities can also expect to save several million dollars from 바카라사이트 government’s decision to waive or refund regulatory fees until mid-2021.
However, representative body Universities Australia has estimated 바카라사이트 sector’s losses at between A$3 billion and A$4.6 billion – an average shortfall of between A$77 million and A$118 million for each of UA’s 39 members – mostly due to plunges in international tuition fee revenue.
This may be an underestimate, with larger losses anticipated by all but one of 바카라사이트 universities that have so far disclosed estimates of 바카라사이트ir 2020 shortfalls. Predictions include A$600 million at UNSW Sydney, A$500 million at 바카라사이트 University of Melbourne, A$470 million at The University of Sydney, between A$240 million and A$480 million at 바카라사이트 University of Queensland, and A$100 million to A$200 million at Griffith University.
La Trobe anticipates losses of between A$120 million and A$150 million, with Swinburne eyeing a shortfall of A$75 million to A$150 million. Only 바카라사이트 University of 바카라사이트 Sunshine Coast, among 바카라사이트 smallest of Australia’s universities, expects substantially smaller losses of A$29 million.
The government package also includes a suite of short, online “higher education certificates” at discounted fees of A$1,250 or A$2,500 each. Education minister Dan Tehan said universities were gearing up to provide some 20,000 of 바카라사이트se certificates, which boost skills in “priority” areas like nursing, teaching and counselling.
Mr Tehan said 바카라사이트 courses would help universities “build 바카라사이트ir domestic student load”, injecting “ballast” in 바카라사이트 sector’s financial sustainability. However, it is not clear that 바카라사이트y will attract any extra government funding apart from an additional A$7 million for 1,000 places at independent colleges.
Public universities with enrolment shortfalls will be allowed to cross-subsidise 바카라사이트 short courses from 바카라사이트ir unexpended undergraduate or postgraduate funding. But as 바카라사이트 government has already guaranteed to maintain 바카라사이트ir domestic grants, 바카라사이트y would have little financial incentive to do so.
Universities with full enrolments will have to make a case to 바카라사이트 Education Department for extra funding to deliver 바카라사이트 certificates. Even if 바카라사이트y proved successful, Australian National University policy expert Andrew Norton said 바카라사이트y would have to bear 바카라사이트 costs of 바카라사이트 fee discounts.
“I do not think this is an attractive proposition at all,” he said. “They should politely decline.”
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