The Australian Experiment (Part 1)
I spent a good part of this month in Australia, talking to people about the radical program introduced in the May budget. The basics of the system are as follows: A recently-introduced plan of uncapped places, with the government funding as many students as institutions wish to admit, was maintained; however, the average amount of the per-student subsidy will drop by 20%; Tuition fees will be fully de-regulated. Institutions will be able to charge what they like, subject to the