Australia's local universities are struggling to keep pace with international establishments with regards to quality and price, an expert has stated.
Paul Greenfield, head of the Group of Eight coalition of major research universities, said plans to create more graduates in the country will dilute the student-to-staff ratios, reports the Australian Associated Press.
He suggested that this will mean "less intensive student interaction with teachers and a lower quality learning experience".
As more young people are expected to enter higher education, there could be a surge in demand for student banking products.
However, a recent study by Mohash University cited by the Age revealed that the average person in tertiary education has to work for between 12.5 and 14.5 hours each week to balance their student finances.
Mr Greenfield suggested that the institutions themselves could face problems with funding: "The bean counters keep telling me I can't spend … I suspect that's a story that a number of universities would have."
Have a question about student banking? Ask the money gurus at Mozo Answers.