D94
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Some things to consider before making that argument is the number of universities and colleges in USA compared to Australia; our population differences and comparing on a per capita basis instead of a raw attendance count; how accessible top tier universities are in the US compared to Australia; the commuter culture of Australian universities vs on-campus; and the operation of universities.While the article is not really grounded in reason, it brings up the issue of rising attendance at universities, the actual value of a degree and the cost of funding universities.
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Yes I know it's not fair to compare a mid tier AUS uni to the 2nd best uni in the world but my goal was to illustrate a point. A top tier uni such as UNSW would of been the same story with a larger student population, a slightly large endowment and still 0 nobel prizes...
Harvard is a private university. It has investors and they are their own hedge fund. You really cannot compare any notable Australian university to the likes of large private universities.