Universities now just about making money

ON 29/1/2016 Glenda Carroll submitted a reply to my letter.

In this reply she does make some pertinent facts with which I totally agree but she has completely missed the point I was trying to make.

I know universities do not create jobs and are not all supplying sub-standard degrees, but I think they have some obligation to consult with governments and communities to establish what jobs are required and then supply that industry and the community demand.

I think this approach would help solve the problem of graduates with no jobs to go to.

There seems to be a disconnect between what is required and what is supplied.

Why are university systems geared to oversupply doctors and lawyers and undersupply other readily available degrees?

The answer is that they make more money out of the oversupply of high-priced degrees.

The system is a business designed to make money, not educate the large numbers of elite people which we really need to take this nation forward.

Deteriorating overseas economic conditions have severely reduced the number of high-fee paying overseas students, which is causing a severe shortfall in university incomes.

Universities will be forced either to increase their fees or lower their entry standards to attract more local students to offset the shortfall.

Government revenues are also running extremely low at the moment and our politicians are attempting to cut $2.3 million from university funding to boost their own economic bottom line.

What is going to happen to university funding?

Universities are wanting to introduce fee deregulation as a solution to revenue loss, but the government won't support it because of the huge impact of cost increases on communities.

In my opinion the failures, the disruptions and the financial problems with university funding can be attributed firstly to the greed of the university chancellors and secondly to the the lack of foresight, ability and ongoing economic incompetence of our politicians.

The way the government is going, education will become much more expensive.

Our universities will end up like the Bond University where the degrees required will be governed by the amount of money one can afford to pay, making university education a privilege of the wealthy.

A crisis is coming.

In the end I think they could be forced to reduce their costs or lower their standards to attract more local students to fill in the gaps so they can continue paying their bills.



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