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Bill Shorten warns Australia’s universities face crisis due to overreliance on international student fees, urging a 1% corporate levy to fund education.
Former Australian Labor leader Bill Shorten warned that universities are dangerously reliant on international student fees, calling the dependence a "morphine drip" masking years of declining public funding.
He said government funding for higher education has dropped from 90% in 1990 to under 50% today, shifting costs to students via the HECS loan system and increasing debt, especially for women taking career breaks.
Shorten proposed a 1% levy on company profits to create a $5.2 billion sovereign wealth education fund, jointly managed by government, industry, and universities, to support research and critical skills.
He urged bipartisan reform of the outdated funding model to ensure accessibility and quality amid changing workforce demands.
Bill Shorten advierte que las universidades de Australia enfrentan una crisis debido a la excesiva dependencia de las tarifas de los estudiantes internacionales, instando a un impuesto corporativo del 1% para financiar la educación.