Economist Stephen King warned that universities and colleges might fall into deficit if Australia government intended to expand higher education on a large scale.
Professor King pointed that the plan of expanding the enrollment of domestic students meant that more overseas students should pay full tuition in order to support local students.
He said that -Where can we find so many overseas students to support local students? Taken the current funds into consideration, the plan of the federal government can only make all universities and colleges fall into deficit.-
Professor King’s comments are based on the reports of HES. One of the reports reveals that overseas students’ tuition support 1,200 yuan to every domestic university student on average. He said that the only unexpected thing was that the subsidy is too little.
He also quoted essays from HES and said that the government’s plan to make 40% young people have at least a bachelor degree and goals of universities and colleges are essentially unrealistic.
He said that -The industry and the federal government want to get more from higher education system. But both sides seem to be unwilling to cost money. And as a professor of pessimistic science, my duty is to tell government and industry that how much you pay then how much you’ll gain. If they want to create top-notch higher education system, they have to pay money by themselves instead of relying on overseas students to support local students.-
To make the comments more interesting, Professor King has just stepped down from College of Business and Economics of Monash University. There are many overseas students who pay full tuition in the college. They have become the critical capital resources of the Monash University.
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