Growing numbers of Aussies in need of student finance

Tuesday 02 August 2011

Article by Mozo

Over the last ten years, the number of Aussies in need of student finance has risen significantly, new figures reveal.

More Aussies are continuing their education

According to data from the Australian Bureau of Statistics (ABS), the proportion of Aussies with at least one qualification gained after leaving school rose by eight percentage points to 62 per cent between 2001 and 2011.

It suggested that it has become increasingly important for the government to make it easier for adults to gain access to further education and training to improve their skills.

The report stated that there has been "a rise in the overall qualification levels of the community but also a rise in the proportion of the population with multiple qualifications," which may indicate that demand for student banking products has risen.

Indeed, the figures showed that the proportion of people with a number of qualifications rose from one-fifth to one-quarter during this period.

Last month, Professor Frank Larkins said in analysis published by the LH Institute that universities do not get enough funding for domestic students, reported the Australian.

Have a question about student banking? Ask the money gurus at Mozo AnswersADNFCR-1761-ID-800673856-ADNFCR

Back to top