Labor has said that upon forming government if it wins the next election Labor will reverse the Liberals cuts to undergraduate student funding.
Mr Shorten said this week a Labor Government will invest in every student to ensure they graduate with the skills and knowledge they need to succeed, without a debt sentence.
In the future, two in every three jobs in Australia will require a university degree because of this a Shorten Labor Government will set an ambitious goal to increase the number of students completing their study by 20,000 graduates a year from 2020.
Recent figures show that more students are leaving university, with a debt but no degree. The trend is even more concerning when it comes to disadvantaged students in Australia.
The Opposition Leader, Bill Shorten, said Labor would change the focus of the nation from enrolment, to completion. “We want Australian students that start university, to finish university with a high quality degree.” said Mr Shorten.
“Investing in education is the single most important thing we can do to maintain and grow Australia’s prosperity, and secure the jobs of the future.” Said Mr Shorten.
A Shorten Labor Government said it will introduce a new Student Funding Guarantee to remove the need for higher fees and provide certainty for our universities. This will boost Australia’s investment in every student by $2500 per year from 2018, an increase of more than 27 per cent on the Liberals plan.
Mr Shorten stated “Labor’s investment will help ensure students graduate with the skills, knowledge and resilience for their working life, not just mark their name off at class.”
To give universities certainty, Labor will legislate the Student Funding Guarantee and index the value of the investment so it isn’t eroded over time. Labor said a Shorten Government will also invest an additional $31 million to boost the quality of teaching and resources in our universities through Tertiary Education Quality Standards Australia.
“Our investment in higher education must deliver the right outcomes for students, as well as our economy.” Said Mr Shorten.
“Graduates from our universities must be highly skilled, highly adaptable and technology literate to compete in the world.”
Part of Labor’s education education plan it will work with universities to establish an independent Higher Education Productivity and Performance Commission to ensure graduates meet the needs of the future economy. This also builds on Labor’s positive plan to prioritise study in Science, Technology, Engineering and Mathematics (STEM) at university and coding in schools.
75 per cent of the fastest growing occupations today require skills in STEM and employment in STEM occupations is projected to grow at almost twice the pace of other occupations.
Labor’s positive plan for universities is a $2.5 billion investment to drive productivity and growth, and deliver the jobs of the future.