Critics across the sector say institutions have become trapped in an unstable business model as they try to make up for loss of government funding
Australian universities’ dependence on international student fees has “fuelled a culture of revenue, profit and competition” and created an unstable business model, the head of the National Tertiary Education Union has warned.
The president of the NTEU, Alison Barnes, said a growing dependence on foreign income had fuelled “corporatisation” of the sector.“The aggressive pursuit of international student income has fuelled a culture of revenue, profit and competition for students.” Then it more than doubled the international student visa application fee from $710 to $1,600, a move described by the International Education Association of Australia as“International education is a great Australian success story and any changes to the policies that underpin this $48bn sector must be weighed carefully against its significant and far-reaching impact,” he said.
Of the $34.7bn in revenue universities received in 2022, $8.5bn came from international students. In 2012, the figure was around $4bn.Croucher said the drift dated back to the global financial crisis, leading to a gradual unwinding of investment in bodies such as the Australian Research Council . “Where this reliance on international student revenue is greatest is in university research – the backbone of the national research effort – where Go8 members carry out 70% of Australia’s university research.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Euro 2024 just misses Australian streaming record as Spain seal pre-alarm final winThis year’s decider is now the second-most viewed match on Optus Sport after England failed to take final into extra-time
Read more »
Australian wine market: Seppeltsfield buys up as Australian Vintage offloads two vineyardsThe ASX-listed producer behind McGuigan and Tempus Two will exit one property in NSW and sell another in South Australia to its privately owned rival.
Read more »
Regional airline Rex suspends trading on the ASX pending upcoming announcementRegional Australian airline Rex suspends trading on the Australian stock market pending an upcoming 'material announcement'.
Read more »
Generous Labor, CLP home builder grants 'trigger alarm bells' ahead of NT electionThere are fears generous home builder grants being promised in the Northern Territory will lead to a profitless boom for the local building sector.
Read more »
‘Alarm bells’: Sudden Swans doubt as fading flag fancy suffers ‘disappointing’ no-showFirst Crack: The First Crack crew discuss what is going wrong for the Swans after they went down to the Bulldogs at the SCG.
Read more »
Aussie star sounds alarm bells for one staple Olympic sportBreakdancing, men’s artistic swimming and skateboarding will all be on the agenda at the 2024 Paris Olympics.
Read more »