Fed­eral fund­ing freeze will cost USQ $29 mil­lion

The Queensland Times - - News -

IP­SWICH’S Univer­sity of South­ern Queens­land has been left $29 mil­lion worse off af­ter the Fed­eral Gov­ern­ment’s fund­ing freeze.

The data, ob­tained through an ABC Right to In­for­ma­tion re­quest, shows USQ will be forced to go with­out 3.1 per cent of its base fund­ing.

The fund­ing halt, worth up to $2 bil­lion to the Com­mon­wealth, freezes the con­tri­bu­tion for most un­der­grad­u­ate cour­ses at last year’s lev­els for the com­ing years.

Cen­tral Queens­land Univer­sity will be worst hit, los­ing $147 mil­lion, ac­cord­ing to the ABC’s ob­tained data.

Univer­si­ties Aus­tralia chief ex­ec­u­tive des­ig­nate Ca­tri­ona Jack­son said the cuts would mean less op­por­tu­ni­ties and cre­ate bar­ri­ers for stu­dents.

“Some of the places to be hard­est hit by the fund­ing freeze are in lo­cal economies al­ready do­ing it tough,” she said. “If you’re a univer­sity in an area of growing pop­u­la­tion with growing de­mand, these cuts will hit even harder.”

Ms Jack­son said the $2.3 bil­lion cut risked the na­tion’s pipe­line of skilled grad­u­ates, de­spite fore­casts warn­ing labour mar­ket de­mand for univer­sity-qual­i­fied work­ers would con­tinue to grow.

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