Education Today Logo


Education Today Cover Browse Issue

Half Australian students don’t think their degree is worth the money

News Image

There is real trouble when half of all Australian Uni students feel that their degree doesn’t prepare them for work and aren’t worth the money spent.

Even though 93% of students believe that completing a degree improves your chance of getting a job that is related to their field of study, 49% don’t believe their degree is worth the money it costs.

When it comes to why students feel as though they aren’t getting value for money, the leading response was that it will take years to pay off their student loan (55%), followed by; they don’t think they have learned enough to feel job ready (19%); they could have learned everything in the workplace (16%); and they don’t feel like the education standard was high enough (10%).

Interestingly, South Australia had the highest percentage (65%) of students saying it is worth it, compared to Victoria who had the least satisfied students (42%). Males and females were on par in this sentiment, and internationally enrolled students were more likely (by 7%) to feel appeased by their decision compared to their local counterparts. 

Recurring commentary throughout the research also highlighted that students were not happy about rising costs in university fees, lacking resources to provide feedback, and inadequate availability of study support. If tertiary educators changed these, students would feel more satisfied with their education. 

Michael Larsen, CEO of Studiosity who commissioned the research says, “Although a high percentage of students have questioned whether their degree is worth the money, the fact that institutions are escalating their investments in student satisfaction is a promising sign for the sector. When universities respond to this feedback and implement appropriate initiatives, the levels of student experience will increase, which is impressive considering the data also stated that 77% of students said university was what they expected or even better than expected.”

51% of students who stated that their degree was worth the cost attributed their response to the following reasons; it will help them secure a job (53%), they have learnt skills that they will be able to use forever (29%), and they have learnt skills they wouldn’t have obtained anywhere else (18%). 

Prof Judyth Sachs, Chief Academic Officer at Studiosity, adds, “University is a significant investment and students in Australia are divided when considering the value they receive. However, the data interestingly revealed that a significant number of students are not only attending university simply to receive their qualification, but to develop and improve their life and soft skills related to teamwork and organisation.”

11 Apr 2019 | National
AITSL Stakeholder Survey now open News Image

Teachers, school leaders and the entire education sector can have their say in the 2019 Australian Institute for Teaching and School Leadership Survey which is open now. Read More

11 Apr 2019
Early career teachers get dramatic with NIDA News Image

NIDA continues to invest in the creative practice of early career teachers in primary and secondary schools with the 2019 Creative Ambassador’s Initiative.
Read More

10 Apr 2019 | National
New teachers love induction support app News Image

Downloaded more than 17,000 times, the AITSL My Induction app offers expert advice, answers to frequently asked questions and allows new teachers to track their professional wellbeing. Read More

10 Apr 2019 | National
Reform of preschools front and centre in election period News Image

Research shows that two years of quality preschool sets a child up for success, and happily the issue is gaining traction with politicians.
Read More

10 Apr 2019 | National
Domestic violence causes homelessness News Image

The number of people seeking help from homelessness services due to domestic and family violence has risen in recent years but only 4% of those who approached a homelessness service for long-term housing actually received it. Read More