The Sydney Morning Herald | Mid-year budget update: Universities hit with $2.1 billion in cuts and end of demand-driven system The Sydney Morning Herald The Turnbull government will hit universities with $2.1 billion in cuts as it unwinds the demand-driven system that ushered in a student boom at tertiary institutions, and applies a lifetime cap on student loans. The government will freeze the amount ... University funding frozen and students facing lifetime caps on amount they can borrow Universities take a $2b mid-year budget hit Government's new $2.1m university cuts 'much worse' than original budget measures, says expert |