Why Aren't Uni Courses Scrutinized by The Government before HECS Loans Are Given?

luminousfox on 24/04/2024 - 09:44
Last edited 24/04/2024 - 10:27

Bought an apartment with my boyfriend recently and the loan check process was very intense, like making sure we could afford it still if we lost our jobs, any current debts, spending habits, the value of the apartment and area if it needed to be repossessed or sold. Which got me wondering, why is HECS debt so easy to get into, and why aren't courses checked for their validity on getting a suitable job after, or completion rates, or the experience of the students and the actual content of the course.

Why can you get a huge loan for a course that's essentially never going to get you a job that allows you to pay it back? Seems extremely predatory considering the ages of most students entering uni

Edit: I think I have to remember that people on the internet just want to argue against whatever they read, so whatever opinion I want to have agreed with I should write the opposite and I'll have people scrambling to agree with me

Education & Work University

Comments

        • brandt on 09/05/2024 - 09:52

          @helpme Everyone has different life goals. Personally, I did not like working outdoors or with my hands so it was an easy choice to go after white collar, and the reason I went to uni was because grad programs offered the quickest route into corporate world and did not create ceilings on earnings that starting in clerical roles does.

          I fully support free uni. But I also support good career conversations and alternate pathways which allow people to grow without being pigeonholed early in their working life.

      • Ughhh on 08/05/2024 - 14:27

        Why do I need a HR assistant with a degree in psychology when all I need them to do is manage succesfactors or Fieldglass or various payrolls..

        Companies could probably pay less salary for a non degree person to do those work, but they've decide the skills and knowledge the degree gives is worth the extra $$$.

        I doubt it's illegal for you to hire a non degree random to do your forecasting. Don't forget your time is also money.

        • brandt on 09/05/2024 - 09:49

          I strongly doubt companies pay more for degrees because it gets them something extra. For the high end graduates you get critical thinking skills, and being able to write properly. For the average uni joe/jane you get none of that.

          • Ughhh on 09/05/2024 - 22:28

            @brandt: You don't think an employer would offer less than market salary for a job to a non degree?

            For the high end graduates you get critical thinking skills, and being able to write properly

            There's more to that….

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