The Tehan discipline funding rates are probably better than they look

Update 3/7/2020: I now believe that, contrary to what this post suggests below, that at least the amended chart is based on ‘true average’ figures.

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On Twitter the new funding rates in the Tehan higher education reform package are being criticised for not covering costs in most fields. That’s a completely understandable concern, given that the government’s own discussion paper suggests that this will the case, by publishing the chart below.

Fortunately for universities, if this package makes it through the Senate, I think there is a mistake in the chart’s figures. I noticed this because I initially made the same mistake myself when analysing the underlying cost figures for this blog post last month. (Update 24/6: The latest version of the discussion paper has a lower overall average cost than the chart above.)

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