Universities 'need more funding for domestic students'

Australian universities need more government funding to support the domestic student banking customers that attend them, it has been claimed.

Professor Frank Larkins, whose analysis of the situation was published by the LH Institute, asserted that more income is being diverted into research, reports the Australian.

Those with student bank accounts who hail from Australia may not be benefitting enough form the funds given to universities as many establishments are trying to ensure they perform well in audits such as the Excellence in Research for Australia.

A desire to perform well in international rankings was also attributed to the misalignment of the allocation of funds.

"Universities don't get enough funding for domestic students; international students are underpinning domestic students and also the research efforts," Professor Larkin added.

This comes after the same publication reported that student finances could become healthier under new tax laws as those at university could have a job with longer hours and still receive tax breaks.

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