Finance & Fury Podcast

Welcome to Finance and Fury, the Say What Wednesday Edition Today’s question comes from Octav Hi Louie, My question is how the universities are functioning in Australia, especially the one that are governmental managed. How do they make the advertisement for casual and part time positions available? From my experience, the positions are given to students and acquaintances without a selection process.   Today we will talk about universities in Australia An overview The nepotism   Overview: 43 universities in Australia The department of education has the responsibility for administering funding and policy A hybrid model with funding from government and tuition fees The universities adhere to government rules and regulations Funding comes from commonwealth schemes, scholarships, and grants. HECS/HELP debt covers 2.2 million Australian’s debt at around $40.2 billion in total Takes an average of 8.8 years to pay off Uni is set to become more expensive as the government starts covering less of the cost upfront