The wrong perception about VET embedded into the VET Student Loans Program
- Posted By Super User
- Quality and Compliance
The new VET Student Loans Program, recently announced to replace the VET-FEE-HELP, shows a perception that is hurting the VET sector: training is a cost.
The debate around funding training and education is focused on cost. The actions taken by the government demonstrate that VET is considered as a cost and not as an investment. The rhetorical political speech talks about connecting training with industry needs, including statements such as: "Restoring Integrity to Vocational Education" or "... a win-win for students and taxpayers".
It is not clear how the VET Student Loans Program will ensure a return on investment (ROI) for taxpayers, and seems to be more about controlling expenditures, and not focused on producing an ROI.
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Changes in VET regulation, funding models, training packages, stakeholder's expectations, the current landscape of volatility and accelerating change means it is imperative that we adopt fresh skills and embrace new learning. In fact, our environment of constant disruption has made the ability to learn, unlearn, and relearn the difference between success and failure.