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Australian university students call for ‘pass’ or ‘fail’ grading changes

Students at two of Australia’s highest-ranking universities are urging their peers to sign a petition to change the grading system this semester to either a ‘pass’ or ‘fail’.
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My concern with this is that it will affect student GPAs. This may affect the ability of students to qualify for future postgraduate courses and research Honours, Masters or PhD. Are the students aware of this? There are ways of assessing students beyond exams that can assure that students are meeting learning outcomes while maintaining academic integrity. Courses/units, where possible, need to look at contemporary forms of assessment and still ensure that high achieving students are justifiably rewarded.