The cost of attending university in 2017 will be the equivalent to a big night out, according to financial modelling.
The Treasury department made the calculation, using the commonly accepted measurement of a glass of beer in New South Wales.
“Yes fees will go up,” a Government spokesperson said. “But what we’re saying to new students is ‘spend a night off the booze during O Week, and the fees will take care of themselves’”.
Treasurer Joe Hockey welcomed the analysis, pointing out that forgoing an imported Cuban cigar once a semester was another way of looking at the cost.