Chinese and Indian students might choose the US or Britain over AustraliaNovember 14th, 2007 - 10:17 am ICT by admin
According to commentator Simon Marginson, the Australian Government may have to step in to shore up second-tier universities, which are “losing sleep” over the currency crunch.
These universities presently feel deprived of foreign student income. With markets expecting an increase in official interest rates today, and sustained upward pressure on the Australian dollar, the 9.5 billion dollar education export industry is facing an unprecedented challenge on price competitiveness.
Professor Marginson holds a chair in higher education at the University of Melbourne.
Next month senior university managers will meet officials from the Department of Education, Science and Training to talk about risks in the export market. The currency would be on the agenda, according to Stephen Martin, pro vice-chancellor (international) at Victoria University, who chairs the group of managers responsible for offshore markets.
The combination of deep dependence on foreign student revenue and a historically high currency is new for the sector.
US-based consultant Daniel Guhr, who believed second-tier institutions offering a “commoditised, cost-driven product” would be hardest hit, said Australia had to get its marketing right.
“You can’t compete on low cost because there are always countries that will outbid you on cost, you have to compete on quality, brand and outcome,” said Dr Guhr, of the Illuminate Consulting Group.
He suggested that scholarships and FEE-HELP for international students would promote quality and attract talent.
Professor Marginson said scholarships for overseas postgraduate students would “take the edge off” Australia’s reputation for being “cost and quantity driven”.
Hong-Kong based consultant Alan Olsen said discounting was not the thing to do.
“Reducing the fees would send the wrong message,” said Mr Olsen, director of Strategy Policy and Research in Education. is research suggested the currency effect would take 18 months to make itself
But several commentators said the currency effect should not be overstated since education exports had enjoyed strong growth during the past few years despite the steadily rising Australian dollar. (ANI)
- Oz to review strict student visa program following drastic drop in Indian enrolments - Dec 17, 2010
- Surging Aussie dollar likely to hit international student market - Apr 30, 2011
- Australia to end IELTS monopoly for student visas - Oct 17, 2011
- Stringent visa rules, fear of attack on ethnic students affecting Oz varsity export earnings - Sep 15, 2010
- Academic says Australia in state of denial over assaults on Indians - Jan 13, 2010
- Australia dismisses loss of overseas student as 'good thing' - Mar 09, 2012
- Australian education fair in Kolkata Feb 18 - Feb 11, 2011
- Indian students forced to share rooms with 10 over lack of housing in Melbourne - Jul 19, 2010
- More Indians opting for public varsities in US - Feb 01, 2012
- Oz visa system behind slump in Indian and international student numbers: Experts - Nov 13, 2010
- Entry requirements changed for students wanting to study in Australia - Dec 20, 2010
- Virtual education fair hosts top foreign varsities - Jan 17, 2011
- Australia mulls easing student visa norms - Dec 16, 2010
- Australia very reliant on foreign students to prop up varsity funding - Sep 08, 2010
- Attacks reflect cultural challenges, says Australian envoy - Sep 28, 2010
Tags: alan olsen, australia, currency, department of education, department of education science and training, driven product, education export, education science and training, export industry, fee help, higher education, offshore markets, price competitiveness, professor, scholarships, simon marginson, universities, university managers, university of melbourne, unprecedented challenge