Prospective university students who might be influenced by student contributions

For prospective students with clear career goals, it is unlikely that changes in student contributions would change their minds.

But not all students are in this category.

In an ABS survey, about 10 per cent of bachelor degree students gave interest or enjoyment as their main reason for study. Purely interest motivated students can’t so easily justify paying increased student contributions as still a good investment in increased lifetime earnings. They need to consider whether the study experience itself is worth the fees they will pay.

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Financial influences on job-seeking university applicants

In an earlier post, I argued that student interests drive course choices, but also that more than 80 per cent of first-year students hope for improved employment outcomes.

It follows from this that, within their cluster of interests, prospective students would plausibly choose courses with the best apparent employment and income outcomes.

This theory helps explain trends seen in applications data. While supply-side and timing problems mean we do not always have enough ‘job-ready graduates’, rarely do we lack ‘job-ready applicants’.

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Jobs, interests and student course choices

The Tehan higher education reforms aim for ‘job ready graduates’. In that, the government’s goals align with those of most students. In recent ABS surveys asking students about their main reason for study, more than 80 per cent of bachelor-degree respondents gave a job-related reason. About 10 per cent gave interest or enjoyment as their main reason (chart below).

However, interest and work reasons are not mutually exclusive. When multiple reasons can be given interest in the field of study is the most popular answer, with over 90 per cent of respondents saying it is important (chart below). Training for a specific job is nominated by about three-quarters of respondents, with another ten per cent hoping to improve their job prospects without having a precise occupation in mind.

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