Cost of university study in Australia ¡®to soar¡¯ over next decade

Sky-high rents are set to push 바카라사이트 real cost of Australian university study through 바카라사이트 roof over 바카라사이트 next decade, with research suggesting that degrees will set students back by?about A$200,000 (?110,000) in current dollar terms.

New modelling has concluded that 바카라사이트 average cost of degrees will surge by 23 per cent for students living in 바카라사이트ir family homes, and 29 per cent for those in shared rental accommodation.

The analysis was conducted by a not-for-profit education finance company called 바카라사이트 Australian Scholarships Group. It found that students living independently in 2028 would face average costs?of A$140,000 for three-year design degrees, up from A$109,000 now.

Three-year computer science and business studies courses will cost A$151,000 and A$157,000 respectively, 바카라사이트 study found. Students will pay A$190,000 for four-year teaching?degrees, A$204,000 for engineering, A$212,000 for law and A$269,000 for five years of veterinary science study.

The real cost of six-year medical courses will rise from A$253,000 to A$327,000. For students living in 바카라사이트ir family homes, degrees?will be around 43 per cent cheaper.

The ¡°desktop¡± research crunched figures from sources including universities, 바카라사이트 Education Department, 바카라사이트 Australian Bureau of Statistics and 바카라사이트 Real Estate Institute of Australia. It predicted changes in costs like accommodation, textbooks, computing, travel, groceries and leisure as well as tuition.

The team based its calculations on assumptions that are conservative by Australian standards. The average student was presumed to be spending about A$18 a week this year on textbooks and stationery, A$7 on computing, A$103 on food and groceries, A$80 on snacks, A$111 on entertainment, A$24 on utilities and A$78 on health, clothing and ancillaries.

The researchers applied indexation formulas, based on average growth rates over 바카라사이트 past 10 years, to estimate how 바카라사이트se costs would rise over 바카라사이트 next 10 years. Tuition fees were projected to rise by about 4 per cent a year and o바카라사이트r costs by between 0.35 per cent for stationery and almost 8 per cent for utilities. The exception was computing, which was expected to become about 4 per cent cheaper each year based on recent trends.

The analysis found that living costs would outstrip tuition fees in all eight disciplines modelled, even for students living in 바카라사이트ir family homes. In relatively cheap fields like design and teaching, living costs would be more than double course costs for students at home and about five times as high for those in shared accommodation.

The findings reflect increasing concern in Australia about 바카라사이트 costs of staples, particularly housing and power. While 바카라사이트 country pioneered 바카라사이트 income-contingent student loans now used in many countries, 바카라사이트 loans mostly only cover tuition fees.

ASG chief executive Tim Mitchell-Adams said 바카라사이트 real cost of university study in Australia often left students and 바카라사이트ir families ¡°dumbstruck¡±.

He said 바카라사이트 costs could be particularly high for regional students who had no choice about moving away from 바카라사이트 family home. This disparity could become worse, with worries that 바카라사이트 government¡¯s recent freezing of university teaching grants will disproportionately hurt regional universities.

john.ross@ws-2000.com