Quality assurance 'vital as student numbers grow'

Aussies applying for student banking services in the near future may welcome statements by an education expert warning that standards need to be maintained.

Peter Coaldrake, vice-chancellor of Queensland University of Technology and chairman of Universities Australia, said in a piece for the Australian that higher education is a "bedrock for economic development".

He backed government plans to educate 40 per cent of Aussies aged 25 to 34 to degree-level by 2025, saying it is important to aim "as high as realistically possible".

However, he warned that as numbers attending educational establishments improve – something that may lead to a surge in demand for student finances services – maintaining a high standard is vital.

"More students and new providers mean that quality assurance is essential and established universities have to be in the same tent," he stated.

Under a new government scheme, the authorities have set aside $1.2 billion to pay for 500,000 people to be educated in 2012, news that may be welcomed by prospective student banking customers.

Have a question about student banking? Ask the money gurus at Mozo AnswersADNFCR-1761-ID-800549993-ADNFCR