Thousands of students caught up in major college collapse

Henrietta Cook, Sarah Danckert, Sydney Morning Herald, Feb 10, 2016
Commentary by Stephen Downes

Following "a federal government crackdown on the scandal-plagued vocational education sector," thousands of Australian students have been left with large debts and unable to complete their studies. It's a fairly typical story: "The group's collapse comes despite Global Intellectual Holdings making a profit of $17.95 million in 2015. During the year it paid $14 million in dividends to its directors Roger Williams and Aloi Burgess. The accounts show the company held $19 million in debt." This underscores the danger of placing a public trust like education into private hands, especially if there's government funding involved. Those concerned about the future of the TAFE system in Australia will no doubt have taken note.

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