Australia’s vocational education sector is a mess.
rethinking the funding and regulatory models but also the purpose and idea of vocational education.
f some training providers, agents and brokers is nothing short of despicable.
The training provider receives the VET FEE HELP payment from the government.
Even if the course is never started, the provider will receive funds from the government and the student is liable for the debt.
A total of $2.4 billion in VET-FEE HELP was paid to training providers in 2015 (up to November 15), a big increase from $1.7 billion in 2014.
How have governments responded?
The Department of Education and Training is preparing to receive loan applications rather than leaving the training providers to process these.
It has been suggested that students should be charged a minimum fee so they have “skin in the game”.
The idea was to give students greater choice and make providers more responsive to students and employers.
The government’s commitment to the market model was ironclad, leaving adjustment to the subsidy or funding rates as its only response.
This problem was compounded once access to VET FEE HELP was expanded.
Another issue is that the vocational education market is based on flawed assumptions about the way we form preferences and make decisions.
overnment subsidy and VET FEE HELP loans.
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