Federal Education Minister announced the changes in a national press club address on Friday 19 June.
Universities are facing a huge fall in their annual revenues following a massive decline in the number of fee-paying foreign students. This occurred because of the coronavirus outbreak and tighter government restrictions on enrolments from overseas students.
In effect, the new policy would cut the overall government contribution to the cost of undertaking degrees from 58% to 48%, amounting to huge savings over the life of just one degree.
