[deecewan]

Low cost, low quality university is often the reason why the masses of STEM grads from India haven't taken over the world (as well as a healthy touch of racism).

This is in Australia, where not only do you get tax free (but indexed) loans for university, but the government also provides a "Commonwealth Supported Place" - they cover half the fees, and then you get your tax-free loan for the other half.

This is entirely just trying to maximise ROI for the government. If people want to do an arts degree, they are able to, and will still get the tax-free loan. But the loan will be higher, because the government is less willing to subsidize degrees that have a lower likelihood of high income.