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Law is a highly regarded degree even outside the legal circles. It's a big advantage for graduates interested in management consulting and investment banking as well. Naturally there should space for in-house lawyers too because you can enter into any industry.

For all intents and purposes, Year 11 is micro and Year 12 is macro.

What industries are you interested in? What type of work do you want to do?

Not really true anymore.

ABS should have data regarding the breakdown of wages across different industries.

Don't particularly mind that to be honest. The MX5 is known as a ~woman's car~ because of the exterior design but I think that's where the charm is. Making it sleeker will take the soul out of the car imo but I have a hard-on for soft-looking cars (hate Ferrari/Lambo, like Aston Martin/Jaguar...

Anyway, I wouldn't be too phased about it. It's a very topical policy and I expect it to be reversed in the event that the current Government are voted out.

No worries mate.

HECS-HELP won't be changing structurally from my understanding. They would not need to approach financial institutions like they do in the US. The system is preserved as is but the fees would ultimately change. Once you get the banks involved, then you would start to get legitimate concerns...

And that's the thing, students are literally protesting about this increase in their fees (a few thousand more per year than before - effectively replicating a drag on wage growth by 1-2 years) but not debating where those fees are going. That's where the real debate should be.

Anyway, as I said before, increases in fees will indeed negatively impact tax payers. But find me someone who will refuse to go to university because their income is taxed down to $51k under dereg from $55k rather than $54k or down to $77k under dereg from $82k rather than $80k. In relative...

Are they selling off the debt to financial institutions? I was under the impression that they would use the market interest rate but still collect internally.

Ran some numbers using this website: http://www.whatwillmydegreecost.com.au/ Noted that I was an 18 year old female planning to do business (to make sure I would capture someone who starts off under the new regime + likely to pay more because they have a career break to have children, thus...

This still doesn't answer the question. How much will these future taxpayers be out of pocket each year? Effectively, higher fees is akin to a higher income tax for people who graduated university. The level of repayments increases as your own income increases as well. It's all good and well...

In terms of personal welfare, of course it's a bad thing. This is where you need to find out where the extra money is going and whether this will make up for loss on the student's side. Keep in mind that HECS is a passive debt - it comes directly out of your pre-tax income. This isn't like your...

Rich and poor students will both see higher debts so that point is negligible. I agree with your point regarding parental support. Anecdotally though, the vast majority of well-to-do students don't receive assistance from the parents for these loans. It definitely happens, but not enough to...

Well worth the read. http://grattan.edu.au/news/why-social-class-shapes-higher-education-less-than-youd-think/

I think you may have missed my point. Why would there be a disincentive to go to university if you are poor? The threshold is assessed on an individual's income.

I still don't understand this whole 'inequality' debate. You can debate that students will be worse off, but you can't really argue that this will create inequality. A former student repays their debt once they pass the income threshold. This is the same for a person from a wealthy background...