Policy & Economy

Australian Universities in for ‘World of Pain’ if Lucrative International Student Markets Cannot be Revived

The chancellor of one of Australia’s top universities has said it will be in “a world of pain financially” if border closures continue into 2021 and foreign students are unable to travel next year.

Peter Varghese, the chancellor of the University of Queensland, told Guardian Australia that universities across the sector would face severe funding shortfalls if lucrative international student markets cannot be quickly revived.

Universities have proposed a “safe corridor” plan in an attempt to partially revive the stream of foreign students that funds an estimated 27% of spending by Australian universities.

Read the full article from The Guardian

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