Government support for further training
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Introduction
At this year level, students are beginning to consider what they will do when they leave school, and whether their choices will include further training or study. In this activity, students learn that if they choose to undertake future training or study, there are a number of loans available from the Australian Government to help them. They explore the loans that are available and the process of repayment through the taxation system.
Achievement standard
By the end of Year 10, students analyse how economic indicators influence Australian Government decision-making. They explain ways that government intervenes to improve economic performance and living standards. They explain processes that businesses use to manage the workforce and improve productivity. They explain the importance of Australia’s superannuation system and its effect on consumer and financial decision-making. Students analyse factors that influence major consumer and financial decisions, and explain the short- and long-term effects of these decisions.
Students develop and modify a range of questions to investigate an economic and business issue. They locate, select and analyse relevant and reliable information and data from a range of sources. They interpret and analyse information and data to evaluate trends and economic cause-and-effect relationships, and make predictions about consumer and financial impacts. They develop an evidence-based response to an economic and business issue. They evaluate a response, using appropriate criteria to decide on a course of action. Students use economic and business knowledge, concepts, and terms to develop descriptions, explanations and reasoned arguments that synthesise research findings.
Content descriptions
Economics and Business Knowledge and Understanding
The ways that government intervenes in the economy to improve economic performance and living standards within Australian society. (AC9HE10K02)
Factors that influence major consumer and financial decisions, and the short- and long-term consequences of these decisions. (AC9HE10K03)
Economics and Business Skills
Interpret information and data, explaining economic and business issues, trends and economic cause-and-effect relationships, and make predictions about consumer and financial impacts. (AC9HE10S03)
Develop and evaluate a response to an economic and business issue, using cost-benefit analysis or criteria to decide on a course of action. (AC9HE10S04)
Create descriptions, explanations and arguments, using economic and business knowledge, concepts and terms that incorporate and acknowledge and research findings. (AC9HE10S05)
Teacher resources
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How do I pay for further training or study?
Student learning resources
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Government support for further training
Government support for further training
Suggested activity sequence
This sequence is intended as a framework to be modified and adapted by teachers to suit the needs of a class group.
- Play: How do I pay for further training or study? This video demonstrates how to use the tax withheld for individuals calculator.
- Read the explainer as a class.
- Students complete the worksheet.
- Invite students to share their answers and ask if the study loan program will influence their decision on whether they will undertake training or further study when they leave school.