The official release yesterday of the CPI-indexed Job-ready Graduates student contributions for 2025 has prompted questions about what impact the JRG price increases have had on enrolments.
With arts, business and law student contributions to hit nearly $17,000 a year in 2025 – with our bout of inflation having increased them from $14,500 in 2021 – students would be wise to think about whether this is a sensible investment. That’s $50,000 for a basic 3 year degree or $85,000 for common combinations like arts/law or business/law.
On the other hand, as I have argued, students follow their interests while keeping an eye on which courses within their cluster of interests would have the best employment and salary outcomes.
The most sophisticated work to date, using NSW data to 2021, found small effects in the expected directions.
Using simple trends in subjects taken, this post will look at domestic commencing EFTSL by discipline in the 2010-2022 period, drawing on the annual commencing load spreadsheet produced by the Department of Education. This does not distinguish between CSP and domestic full-fee students, but it is the best I can do with publicly available data.
Because I am comparing fields with very different absolute enrolments, I have converted them to an index, with 2010=1. So an index of 1.1 in a subsequent year would mean 10% more EFTSL, and an index of .9 would mean 10% fewer EFTSL.
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