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Australia has been gripped by a national debate over how to fund our university education. But perhaps there's a more important question: what is it worth? A Four Corners investigation has unearthed alarming new evidence of a decline in academic standards at institutions around the country. Lecturers and tutors are grappling with a tide of academic misconduct and pressure from faculty managers to pass weak students. Many say commercial imperatives are overtaking academic rigour.

According to the study, "Fake Universities and Bogus Degrees – Sweden and the World", there has been an increase in the number of job seekers who have been caught trying to pass off fake degrees as genuine, with more than 30 cases reported in the last two years. According to the National Agency for Higher Education, there exists over 800 Web-based fake universities. The study recommends use of a digital database that employers can access to verify an applicant's qualifications, something into which Australia is already looking.