Government restarts Band 2 contributions
The Federal Government has announced it will reinstate Band 2 contributions for university students who enroll in mathematics, statistics and science courses from January, 2013, providing an estimated budget savings of $403.6 million over three years.
The estimated maximum HECS contribution for students enrolled in these units will be $8,353 in 2013. The estimated National Priority rate is $4,691 in 2013.
Students who commence their course between 1 January 2009 and 31 December 2012 will not be affected by this change and will continue to pay a reduced student contribution amount until 31 December 2015.
“The reduction in student contributions for mathematics, statistics and science units since 2009 has not been effective in substantially increasing the number of students undertaking maths and science at university,” said Minister for Tertiary Education Senator Chris Evans.
“Students are predominantly motivated not by price but by their interests, abilities and career preferences when selecting courses.
“The savings realised by this decision will help to support the additional investment the Government has made in the new demand driven funding system for Australian universities to ensure more Australian students have the opportunity to go to university.”