A better integrated tertiary system

On 19 June 2020, the Hon Dan Tehan MP, Minister for Education, announced the Job-ready Graduates Package. The package focuses the public investment in higher education on national priorities and ensures the system delivers for students, industry and the community. 

Importantly, the package aims to deliver more Job-ready graduates in the disciplines and regions where they are needed most and help drive the nation’s economic recovery from the COVID-19 pandemic.

The package will provide for better arrangements of for university funding with targeted investment in areas of national priority, more opportunities for regional, rural and remote students, a better integrated tertiary system as well as improved transparency and accountability for the higher education sector. 

Reducing the FEE-HELP loan fee to 20 per cent

From 2021, approximately 50,000 higher education students who take out a FEE-HELP loan each year for an undergraduate fee-paying place, will have a reduction in their loan fee from 25 per cent to 20 per cent, aligning these fees with those that apply to fee-paying students who access VET Student Loans.

For more information on this measure see our frequently asked questions.

A new tertiary qualifications framework for Australia’s future education and training needs 

The Government will undertake essential work to progress the recommendations of the Australian Qualifications Framework (AQF) Review through the National Cabinet Reform Committee responsible for skills. This work will create better pathways into and through tertiary education, develop guidelines to improve credit recognition of microcredentials and prior learning, and ensure the importance of ‘soft skills’ such as critical thinking and conflict resolution are recognised in the design of Australian tertiary qualifications.

For more information on this measure see our frequently asked questions.

A marketplace for microcredentials to provide more choice to students and employers 

The Government is investing $4.3 million over three years to develop a new national online marketplace for microcredentials. This will facilitate broader use and recognition of these innovative learning options, providing more opportunities for Australian students, workers and employers to find learning options to help with upskilling, reskilling and lifetime learning. 

For more information on this measure see our frequently asked questions.

Universities and industry collaborating to provide high level skills to workers  

Improving collaboration between universities and industry benefits students and employers by ensuring that the skills being taught in university courses are the skills industry needs. This is why the Government is providing an additional $3.7 million over two years from 2021 to expand the innovative Industry 4.0 Advanced Apprenticeship Pilot into a two-year qualification that allows learners to progress from a one-year Diploma to a two-year Associate Degree.

For more information on this measure see our frequently asked questions.

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