Australia has long been one of the top-ranking countries in the world when it comes to the lucrative export dollar generated by the provision of an internationally recognised qualification. Whilst education providers have experienced a significant decline in overseas student numbers from 2009 to 2012, Australia still sits as one of the leaders when it comes to this type of export sector. However, competition from neightbouring countries including the UK and Canada may once again see a decline in a number of students travelling to Australia to study.
Prior to and for some time after the completion of the Knight Review in 2011, when some significant changes were made to the program as a result of the recommendations of that review, Australia had been losing ground against its competitor nations like Canada, New Zealand, the USA and the UK.
The increasing costs of international tuition, the costs associated with applying for the visa itself, the relatively high value of the Australian dollar in comparison to many international currencies, and the fact that there is only a limited number of qualifying students who, on completion of their Australian qualifications, have the prospect of applying for permanent residency, means Australia’s educational industry has felt the pinch of these various factors. Having said that, enrolment numbers across all education sectors have, for the most part, been steadily increasing again.
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