Posted November 07, 2019 13:12:48 It’s not a big number to say that the student debt of Australian universities is the highest in the world.
The data released by the Department of Education (DoE) is based on a breakdown of the total amount of student loans outstanding, including federal and non-federal student loans, as well as student loans that have been converted into Commonwealth money.
University of Tasmania has the largest amount of outstanding debt, with $3.9 billion.
The University of New South Wales, which has the second highest student loan debt at $3 billion, is the second-largest with $2.5 billion.
A total of $3,726 million was owed by graduates, which means graduates in the top 10 per cent of their degree years owed $3 million more than graduates in 10 per of the degrees.
University College Sydney was ranked No. 3 with $1.7 billion owed by its graduates, followed by the University of Western Australia at $1,788 million.
While Australia’s highest-ranked university was the University at Albany, in New York, it was followed by Newcastle University, Western Australia University and the University, in Western Australia.
Topics:education,debt-burden,education-industry,government-and-politics,government—business,jobs,tas,australiaFirst posted November 06, 2019 08:25:59