Senate debates
Thursday, 27 November 2014
Business
Government Spending
5:45 pm
Kim Carr (Victoria, Australian Labor Party, Shadow Minister Assisting the Leader for Science) Share this | Hansard source
$5.8 billion to higher education and university research; nearly $3 billion in terms of the attempts to impose crippling debts on students, through increasing real rates of interest; $1.9 billion in reductions to government course subsidies; $200 million in cuts to the indexation arrangements for universities; $172 million in cuts to the promotion and reward funding for students from low socioeconomic backgrounds; $173 million in cuts to the training of Australian research students; $75 million in cuts to the Australian Research Council; and $31 million in cuts to the regulator.
And we now have a situation where a government wishes to give universities the right to print debt. It will mean a lifetime of debt, and a situation where the $100,000 degree will be commonplace in this country. It will mean a situation where people will be denied—
Senator McKenzie interjecting—
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