The private rate of return to a university degree in Australia

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Permanent URL for this page: http://hdl.voced.edu.au/10707/222486.

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Abstract:

This report presents estimates of the monetary benefits in Australia associated with the completion of Bachelors and Masters degrees for a range of fields of study. The results show that for the average person, there are strong monetary incentives to complete these degrees, particularly at the undergraduate level, and the private rate of return compares favourably with the long term real bond rate of between two and three per cent. The report presents results calculated on varying assumptions providing evidence of the robustness of the conclusions. Section two considers the choice of...  [+] Show more

Subjects: Higher education; Finance; Income; Outcomes; Providers of education and training; Qualifications

Keywords: Outcomes of education and training; Return on education and training; Educational expenditure; Cost effectiveness; University

Geographic subjects: Oceania; Australia

Physical description: 37 p.

Statement of responsibility: Anne Daly, Phil Lewis, Michael Corliss, Tiffany Heaslip

Resource type: Report

Document number: TD/TNC 109.1346

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