University funding among lowest in OECD

PUBLIC spending on higher education remains well below the levels in other developed countries, the Organisation of Economic Co-operation and Development says.………….Australia ranked with the United States, Korea, Chile and Japan as countries with more than half their annual investment in universities from private sources.
Australia's public spending on higher education was among the lowest of the 34 developed countries covered by the OECD report, with only Russia, Brazil, Japan, Italy, Korea and Chile spending less in public funds on their institutions as a proportion of their economic output.…….. Australia and Korea as spending a very small amount of public money on pre-primary education - just 0.1 per cent of the country's total output - eight times less than countries such as Denmark, Hungary and Israel. Australia also has the highest proportion of international students, with 17.3 per cent of the campus population coming from abroad. In contrast, the US has just 3.4 per cent of overseas students. Almost all these students are full-fee paying. ……….Universities could use international students to bump up their numbers in the face of fewer domestic students... {View Full Article]