MORE SCHOOLS FUNDING
The Coalition Government is investing an extra $23.5 billion in schools over the next decade.
Funding per student on average is increasing by around 50 percent over a decade.
To see what long term funding is being provided to your local school, go here: www.education.gov.au/school-funding-estimator
We have replaced 27 secret funding deals with a single, needs based national model of schools funding.
Every student, regardless of the state or territory they live in, will now receive funding based on need.
Our breakthrough agreement is fair to all students and provides certainty over the next decade.
IMPROVING SCHOOL STANDARDS
Over the past decade there has been an alarming decline in student results.
It is critical we improve standards in schools. We have engaged David Gonski to investigate how the Coalition Government’s extra funding can best be used to improve results.
FIXING VOCATIONAL EDUCATION AND TRAINING
Our new $1.5 billion Skilling Australians Fund will give Australians the opportunity to gain the skills to fill Australian jobs.
Employers that sponsor migrants under the new temporary skill shortage visa and certain permanent skilled visas will be required to pay a levy which will provide revenue to the Fund.
The Skilling Australians Fund replaces Labor’s 2012 five-year National Partnership Agreement, under which apprentice and trainee numbers collapsed.
A re-engineered partnership with the states and territories will mean an extra 300,000 apprenticeships, traineeships, pre-apprenticeships and higher apprenticeships are provided over the next four years.
We have axed Labor’s failed VET FEE-HELP scheme and replaced it with VET Student Loans which contains greater protections for students and taxpayers and ensures that taxpayer-subsidised loans are going towards courses with strong job outcomes.
We have also saved around $1.4 billion with a number of measures to crack down on dodgy operators, including establishing a National Training Complaints Hotline for students and strengthening the powers of the regulator. We’ve also established a VET Ombudsman to investigate and resolve complaints.
HELPING YOUNG JOBSEEKERS
The Coalition Government has created a new program called Youth Jobs PaTH (Prepare-Trial-Hire) to help disadvantaged 17-24 year old job seekers get on the right path early – off welfare and into work.
Many employers may be hesitant to take a chance on young jobseekers that lack some basic skills and aren’t quite ready to hire. To help overcome this, we are sponsoring up to 120,000 young people over the next three years, through a three stage process:
- The “Prepare” stage involves intensive pre-employment training, focussing on skills such as working in a team, presentation, and IT.
- The “Trial” stage involves internship placements, between 15-25 hours a week for four to twelve weeks, for which employers receive $1,000 and young people receive $200 a fortnight, on top of their benefits.
- The “Hire” stage involves a wage subsidy, between $6,500 and $10,000, for employers who hire a young job seeker through this program.
This program is about getting young people ready, giving them a go and getting them a job. It is already helping thousands of young Australians.
RECORD UNIVERSITY FUNDING
Funding for universities is at record levels – with funding of $17.2 billion in 2017, which is set to grow to $21.1 billion in 2021 (a 23% increase).
Funding for research will grow from $2.8 billion this year to $3.1 billion in 2021.
Australia has one of the most generous student loan schemes in the world – the Higher Education Loan Program (HELP). This ensures domestic students don’t pay up-front fees. A HELP loan is still one of the cheapest loans you will ever get. Students don't have to pay it back until they’re earning a good income. Our system is more generous than the UK.
(Fees are not being deregulated.)
The Coalition Government is making higher education entry easier and simpler through better and more standardised information about course requirements.
It is providing more information about student satisfaction across public and private higher education providers and from 2018 will be providing improved data on employment outcomes for graduates so prospective students can see what institutions and what courses are delivering the best results.
Information current as at March 2018