Students attending Melbourne University will have to pay more fees.What might b the market or student reaction

Question

In 2008 the University of Melbourne is going to ahead with its model of offering generalist degrees followed by a master degree in a specialised discipline. It is likely that students attendin Melbourne University will have to pay more fees for at least 5 years.

Answer 1

Increasing fees means:
* Lower concentrations of students from non-wealthy backgrounds (less troublemakers, really)
* Increased reliance on foreign students (same)
* Emphasis on job-ready rather than critical-thinking (same)
* Incentive for the govt to justify and provide less funding
* Standard of education less important than marketing & marks (less resistance to cheating)
* Tokenistic scholarships that make the govt look good as they cut overall funding, or allow private interests to control research for own purposes instead of common good.
* More competing institutions of a lower standard with lower fees (further undermining real academics)

All in all, it's great news for private investors and the govt. Frankly I expect it to catch on.