Slashing international student numbers will devastate the business models for universities and many other international education providers.
The high level of immigration is even more potent politically in the US than in Australia. Joe Biden’s decision this week to limit the flood of people pouring over the border with Mexico is woefully belated recognition of how much damage 11 million illegal immigrants since the last election have done to his administration’s hopes of surviving the Trump assault again.
The Albanese government is suddenly determined to greatly restrict the offshore student intake while the Opposition is promising even more dramatic cuts., the country’s largest listed provider of international education services, also reflects curbs being imposed in other markets like the US and Canada, where it operates, as well as Australia.
That is until Australia’s very success in attracting so many hundreds of thousands of students from offshore proved to be the sector’s political undoing. The lucrative international student business model for Australia’s major universities is facing a harsh financial reckoning. The Group of Eight universities like to point out they educate one in three international students. For years, these universities have relied increasingly on the much higher fees paid by international students to underpin their budgets and research efforts. That international funding for research helps them maintain or increase their global rankings and pull in yet more overseas students.attracted $1.
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