Is There a Decreasing Demand for Tertiary Education?

 

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Is There a Decreasing Demand for Tertiary Education?

Image of Professor Paul Thomas, Vice-Chancellor

12 November 2005

There has been a great deal of controversy over various aspects of education in the last year from testing, to skills shortages, league tables, privatisation, and many others including, this week, that students are turning their backs on regional universities amidst slowing demand for university education generally.

Whilst we are not one of the universities facing diminished demand, in fact quite the opposite, and exceeding the demand patterns for metropolitan universities, I was nevertheless prompted to look at the data recently produced by the OECD.

In their most recent major report they seek to illuminate the ways in which governments internationally are developing policies to enhance individuals' social and economic prospects, increase efficiencies, and mobilise resources to deal with rising demands for education. No country can afford to preside over a shrinking education sector and hope to be a competitive nation. So I dug deeper to try to discern some trends that have significance for Australian universities in particular.

The Report is massively detailed so I've had to be very selective and focus on only a few themes.

Tertiary graduation rates were in 2002 higher than for any other country in the world, surpassing even the US by a considerable margin. This indicator tends to point to the rate at which countries produce advanced knowledge, so Australia seemed well-placed in the top 30 per cent of advanced countries in securing jobs for graduates to use their skills. Australian graduates are more likely to be employed, and in attractive jobs, than non-graduates and again, Australia is one of the best performing of the OECD countries in this respect.

This good result emanates from a country that in 2002 spent less public money per student than the OECD average, almost alongside the UK, but well behind the US and European countries. Australia also spent less supporting educational institutions than the OECD average as a percentage of GDP. Reliance on private means to support educational involvement has increased since that time. Australia was in 2002 the fourth most expensive country for higher education, but for education overall was around the OECD of 1.5 per cent of GDP on all forms of education.

Whilst Australia is above the OECD average of 1.5 per cent of GDP spent on tertiary education, only Korea and the US expect more as a private and personal contribution to that education, which may perhaps go some way to explain the drop in demand that has been occurring for a number of years. Between 1995 and 2002 public expenditure per tertiary student in Australia dropped by 25 per cent and has since dropped further in the period not covered by the data.

Whilst it is always difficult to draw generalisations from such data in relation to Australian news stories that are in focus at present, there do seem to be some important pointers.

Australia is, for example, clearly one of the advanced nations that provide tertiary access for a high proportion of its population, but this is coming at a higher personal cost to individual students. Australia is a relatively wealthy country and the increasing emphasis on individual contributions may be warranted, given the high employment rates and good earning prospects of graduates, over and above non-graduates. But there may also be a signal within these figures that the strain, particularly on the least wealthy in regional Australia, is increasing to the point of being a deterrent, and lower-paid entry to the workforce when jobs are more readily available, is becoming an increasingly attractive option.

If these trends were to continue they would be damaging to Australia's future, and more locally to a Smart State strategy, in a State with expansive regions.

These data warrant careful consideration in the formulation of sustainable higher education policy.

Professor Paul Thomas is Vice-Chancellor of University of the Sunshine Coast