Federal funding freeze will cost USQ $29 million
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.