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23 Jun 2014, by Informa Insights
The Australian government will be investing an additional $5 million in higher education grants and fellowships.
The funding – introduced under the 2014 Office of Learning and Teaching (OLT) programme – will go towards improving teaching and learning outcomes in a number of key areas.
Of the $5 million, $3.1 million will go towards more than 20 grants for the nation’s brightest academics. According to Minister for Education Christopher Pyne, this funding will prove pivotal in ensuring Australians have access to some of the best learning environments.
An additional $1.8 million will be allocated towards fellowships designed to ensure Australian academics remain at the forefront of their fields.
“This government is committed to ensuring we have a world-class higher education system that is the envy of our neighbours in the region and around the world,” said Mr Pyne.
“This is all part of the government’s four-year $37 billion investment into higher education teaching and will help us to be a global leader in one of our biggest growth sectors.”
Australia is already widely regarded as having one of the best higher education infrastructures in the world today. The latest QS World University Rankings of top universities, released in February, saw a number of Australian facilities ranked highly across several key academic fields.
For example, the University of Melbourne ranked inside the top 20 educational facilities in the world for the fields of medicine, chemical engineering, law, and accounting and finance.
Meanwhile the University of Sydney and the University of New South Wales also placed inside the top 20 for civil and structural engineering, accounting and finance, and law.
It is hoped that this additional investment in Australia’s key academic minds will help Australia maintain this reputation and continue to build on its strong global position as a nation of learning and development.
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