What does the 2018 federal budget mean for students and education?

2nd July 2018

The times they are a-changin’, and the Australian government wants to do what it can to try to make sure that Australian students aren’t left behind.

With sweeping digital progress affecting seemingly everything in not only professional life but also everyday dealings, a massive range of industries and fields of study could require alterations that bring the learning landscape up to speed. Online courses available any day or night to those with a computer or tablet and an internet connection have changed the face of learning. But the government is stepping in to try to help even more. Some of the most intriguing parts of Australia’s 2018 federal budget revolve around increased funding being pumped into the ever-important field of education in a variety of ways.

Here’s are a few ways in which the results of the announced 2018 federal budget could benefit those studying now and in the near future.

Here comes the money

The 2018 federal budget announcement included a massive boost in funding, with a total of $243.5 billion from 2018 to 2027 invested into institutions included in the Quality Schools package. This package helps the schools that need the most help get infusions to assist young students as they grow, learn and adapt to an evolving technological and global environment.

Helping where it counts

Contemporary progress in the professional sphere means jobs requiring knowledge in science, technology, engineering and math are at a premium. While online courses help in that area, the Australian federal budget makes a point to target these areas of study, collectively known as STEM, with a specific influx of $5.1 million in initiatives.

Higher and higher

For those who are interested in furthering their education but might otherwise be unable, the 2018 federal budget includes special emphasis on creating better scholastic avenues for those in rural and regional areas. Again, combined with online courses, such focus can only help those looking for easier ways to learn.

Keep searching

Another aspect of the newly announced Australian federal budget is that more money will be funneled toward the country’s National Research Institute (NRI) facilities. This will help some of the best and brightest minds in the country have access to the tools and data needed to continue making key discoveries in a variety of fields.

With the combination of increased funding to education coming from the Australia federal budget as the convenience of taking classes online, there’s perhaps never been a better time to be a current of prospective student. Let the assistance of the Australian federal government as well as helpful resources in online business courses, online information technology courses and other digital tools help you prepare to not only survive, but thrive, in your personal and professional lives going forward.

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