Pupils in Australia had long profited from substantial government subsidies and low tuition even ahead of Australian lawmakers abolishing university tuition in 1973. As demand for higher education surged by the early 1980s, but, the country's universities faced an evident shortage of ability and growing budget challenges. Policymakers, cognizant of an increasing budget deficit in addition to a hard-hitting on downturn, hesitated to provide increased funds to higher education.
Although several possible funding schemes had been considered by the Wran Committee, it ultimately proposed a radical process in which students would pay tuition funded through income-contingent loans provided by the authorities. The Wran Report proved to be of special interest to the Australian Prime Minister, Robert Hawke. The government's fiscal position appeared to demand that educational financing be overhauled, however there clearly was no consensus on how best to do this. Could the Prime Minister convince his Australian Labor Party to abandon the free education plank in its program? And if he could, how could he be sure that the Wran Committee's strategy was the appropriate one and that its recommendations were workable? These were only some of the questions the Prime Minister confronted as he contemplated new approaches for funding higher education in Australia.
PUBLICATION DATE: December 07, 2010 PRODUCT #: 711047-PDF-ENG
This is just an excerpt. This case is about GLOBAL BUSINESS
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