As the universities everywhere are earning a lot more from the crowd of foreigners, the Australian National University has catapulted its revenue by swelling the fees on overseas students. As mentioned in the Australian University Annual Report 2018 on student fees shows that international students crown for paying the highest costs, which is $320 million. Whereas the domestic students only spend a few dollars that are not even comparable to what the foreigners pay!
The Institution of Canberra enfiladed $320 million as tuition fees from the onshore and offshore international students in the last year, which shows a mounted percentage of 26 on the previous years’ yields. Despite this, the number of international students percentage studying at the university also increased to 17, making the number to 10,623 students.
Due to recent amendments in the tuition fees, the university earns $1.375 billion in 2018 as co-related to the year 2017 return which was $1.256 billion. The money taken from international students eclipsed the fees collected from the HECS-HELP students that again, also rose up to $91.4 million in the year 2018 whereas it was 86.9 million dollars in 2017.
The Australian National University Annual report of 2018 further confirms that the revenue collected from the post-graduate decreased to 4.2 million dollars in 2018, which is right 52% cutdown. The report also mentions the various regions from where the international students pool in the university.
The vice-chancellor, Professor Schmidt broadcasted that after having a look into the instant growth in the overseas students, the university would further make productive plans to expand the number of international students.
For the inaugural time, university members sanctioned that the new policy focused on a segment of the population of students.
The 2018 annual report also shows that most of the ANU’s accomplices come from North-East Asia. North-East Asian scholars make up to seventy-five per cent of the scholars at ANU. These regions include Japan, China, Hongkong, Taiwan, Mongolia and North, and South Korea.
The university regulator TEQSA stated that there is substantial financial health observed in the university. But on the other hand, an ANU spokesperson italicized that the university changed the criteria of admissions to freeze the growth of the university. It further informed me that a new way of ranking is competitive and will aid in identifying competent students from around and outside of Australia.
The TEQSA spokesperson spotlighted that the university’s revenue that includes the fess taken from international students helps them to deliver their mission with ease. Another report from the Organization for Economic Co-operation showed that the higher education sector of Australia was strongly subservient on international students that the other countries around the world.
Meanwhile, at the ACT’s another university, the University of Canberra, the number of overseas students has gone down from 2422 to 2165 students in recent years. The main reason analyzed by its report was the location of the university is outside the major cities. In spite of that, its revenue still increased from $50.2M to $56.7 from international students.