Teaching degrees top $100k
THE total cost of a four-year teaching degree will soar to $100,000 within a decade, even for students living at home.
A new report, to be released by the Australian Scholarships Group, reveals costs associated with obtaining a university degree will rise by an average of 23 per cent over 10 years.
In calculating costs, ASG take into account not only the tuition fees, but general living and studying expenses.
Would-be teachers are now incurring just over $80,000 in fees and expenses to obtain their Bachelor of Education degree, but the report predicts this will soar to over $101,000 by 2028, even for students living with mum and dad.
For those who rent, a degree is expected to cost almost $190,000 in 10 years’ time.
High school leavers who go on to study medicine will be stung with a massive $327,198 in associated course costs by 2028 if they are forced to rent.
ASIC has blocked a Members Alliance director and his wife from selling their Hope Island mansion and a luxury Rolls Royce while court proceedings take place.
The Australian Securities and Investments Commission received agreement through the court from Richard Marlborough not to sell the mansion or car until the matters could be heard in the Queensland Supreme Court in Brisbane on April 27.
This means Marlborough has agreed not to sell the assets until that date and the court will then determine if he or his wife Deborah Marlborough is free to make a sale.
ASIC yesterday revealed it had obtained orders in the Supreme Court to stop Mrs Marlborough from selling three Hope Island properties and a Paradise Point unit.
The Hope Island properties are next to each other and contain a luxury mansion.
The orders mean Mrs Marlborough is not able to mort- gage, dispose or diminish the value of the real estate.
Richard Marlborough has been stopped from selling or diminishing the value of his luxury Rolls Royce Wraith.
Marlborough was charged by police in February for allegedly orchestrating a $2.2 million cold call scam involving home construction.
The Members Alliance Group was forced into liquidation by ASIC in November last year after going into external administration in July 2016.
Marlborough, 52, was granted bail last month in the Brisbane Magistrates Court after he was charged with swindling millions from 40 victims in a scam that has been likened to a “big Ponzi scheme’’.
His arrest followed an 11month investigation by Queensland Police, the Queensland Building and Construction Commission and ASIC into the directors of the Members Alliance Group.
In March, Marlborough’s fellow Members Alliance directors David Domingo and Colin Macvicar, aged 67 and 64, were arrested and charged with dishonestly causing a financial detriment to persons investing in properties.
The investment scheme operated by Members Alliance Group involved cold calling members of the public across Australia and selling them home and land packages as investments.
The investigation involved building companies owned by the Members Alliance Group, including Image Building Group and Silverback Constructions.
The Members Alliance Group ceased trading in July 2016 and many victims were left without insurance to complete homes.
Based at The Rocket tower at Robina, the group collapsed owing almost $30 million to the Australian Taxation Office.