The true cost of Abbott's higher education reforms

The Coalition's changes to the Higher Education Loan Program will drive students towards degrees with high returns on investment, with implications for the economy that could last decades.

The changes to the Higher Education Loan Program were among the most significant reforms contained in the federal budget. These reforms, if implemented, will have a notable impact on the Australian economy over a number of decades.

At first glance, these reforms appear likely to drive students towards commerce, economics and law degrees -- disciplines that offer high returns on investment -- and away from degrees such as education and science.

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