Uni’s down $19 Billion without International Students
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Australian Universities are in a financial bind. A significant income has been derived from International Students, mainly from China and now that source has been cut totally. Some universities are dependant for a third of their revenue from International Students. We now find that this will amount to a $19 billion dollar shortfall over the next three years in modelling done by the Mitchell Institute at Victoria University. The clock is ticking and some hard decisions will have to be made.
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