Australian students in debt to pay for $300M+ university, $1M+ scholarships

By now, you’ve probably heard about the university debt crisis.

If you’re not, there’s a good chance you’re in a similar situation to Sarada, a private university in Sydney.

In March, Sarada’s board and the students’ union demanded the university pay $300 million to students and staff.

In the end, it accepted a $1 million scholarship for the students to complete a five-year degree.

That’s not all.

Sarada was the subject of a scathing editorial in The Age, and students were angry and upset at the school for not doing more to help them.

But, like many Australian universities, the students have had some success in getting their debts paid. 

“Sarada has helped students to pay off the money they owe to their school, and to get a sense of the value they can get from university,” the newspaper said in its editorial.

“The university is now able to help students pay off more than $30 million in debt.”

The students and their union took the university to court in November, arguing Sarada had violated the Australian Higher Education Act.

The case is currently before the Federal Court, and it could take up to six months to decide if Sarada has a case to answer.

But according to Saradas own admissions, students and its trustees have been doing their best to help the university avoid a default. 

Saradas own admissions “We’ve been helping to educate and assist students in all stages of their learning journey and it’s a great achievement for the institution,” a Sarada spokesman told The Huffington Post Australia.

“Our role has been to make sure that students are aware of their options, to help with debt management and to provide them with support and guidance during this difficult time.” 

“It’s important that we have a clear message from the board that the students are fully entitled to their own opinions and decisions.”

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