Part B: Research Project

Question 0

Why do higher tertiary costs impact the economy?

Answer 0

Higher tertiary costs impact the economy as it will result in a larger class gap as less wealthy families will not be able to afford tertiary education and will heighten the amount of ‘dole bludgers’ in the future.

Question 1

What is your economic issue?

Answer 1

Costs of tertiary education are being increased due to the 2016 Budget regime.

Question 2

How can higher tertiary costs be resolved?

Answer 2

It can be solved by:
Eliminating the prospect of deregulation
Only increasing the interest percentage by 1% rather than 3.1%

Question 3

What is the government’s course of action to university costs?

Answer 3

The 2016 Budget hopes to bring in many changes to university prices. It hopes to introduce deregulation and raise interest rates on loans to 6%. It also looks to lower payment on tertiary help from 60% to 20%.

Question 4

What is deregulation?

Answer 4

Deregulation is the concept of the Budget that seeks to allow universities to decide their own prices on courses without interference from the government in hopes that these universities will proceed to compete on quality.