Can Australian Universities resurge after the pandemic impact?

Team Veye | 16-Jan-2022 Australian Universities

The number of international students applying to study at Australian universities had more than halved while borders remained closed due to COVID-19. According to the international student recruitment marketplace Adventus, applications by international students to attend Australian universities dropped 51 per cent since March last year.

This is somewhat supported by data released by the Department of Education, Skills and Employment last year, which showed universities across Australia experienced a steep decline in the number of enrolments and course commencements in 2021.

The closure of international borders during the COVID-19 pandemic impacted the decisions of many interested international students to enrol at an Australian university. So much so, that students, who would have typically chosen Australia as a study destination was looking elsewhere.

Ms Jackson, chief executive of Universities Australia, acknowledged that countries such as the US, the UK and Canada were taking advantage of Australia’s hardline border policies.

Adventus, which partners with more than 1,500 institutions, found since March applications had grown by 148 per cent in Canada, 150 per cent in the United Kingdom and 422 per cent in the United States.

This may have a long-term impact on the country as we have lost nearly two years of students and the flow-on effect may have longer-term implications. Nonetheless, the fundamental attractiveness of Australian education has not changed.

International students, after being locked out for more than two years, were due to be allowed into Australia from the start of December, but owing to the emergence of Omicron the federal government delayed the reopening by a fortnight.

As international students began arriving in Australia, many faculty members were planning the adoption of hybrid teaching models next year, with both in-person and online learning.

Health officials becoming increasingly confident that new cases of Covid-19 will begin to plateau next week coupled with the removal of 40-hours a fortnight cap on international student workers could further blunt the impact.

Disclaimer

Veye Pty Ltd(ABN 58 623 120 865), holds (AFSL No. 523157 ). All information provided by Veye Pty Ltd through its website, reports, and newsletters is general financial product advice only and should not be considered a personal recommendation to buy or sell any asset or security. Before acting on the advice, you should consider whether it’s appropriate to you, in light of your objectives, financial situation, or needs. You should look at the Product Disclosure Statement or other offer document associated with the security or product before making a decision on acquiring the security or product. You can refer to our Terms & Conditions and Financial Services Guide for more information. Any recommendation contained herein may not be suitable for all investors as it does not take into account your personal financial needs or investment objectives. Although Veye takes the utmost care to ensure accuracy of the content and that the information is gathered and processed from reliable resources, we strongly recommend that you seek professional advice from your financial advisor or stockbroker before making any investment decision based on any of our recommendations. All the information we share represents our views on the date of publishing as stocks are subject to real time changes and therefore may change without notice. Please remember that investments can go up and down and past performance is not necessarily indicative of future returns. We request our readers not to interpret our reports as direct recommendations. To the extent permitted by law, Veye Pty Ltd excludes all liability for any loss or damage arising from the use of this website and any information published (including any indirect or consequential loss, any data loss, or data corruption) (as mentioned on the website www.veye.com.au), and confirms that the employees and/or associates of Veye Pty Ltd do not hold positions in any of the financial products covered on the website on the date of publishing this report. Veye Pty Ltd hereby limits its liability, to the extent permitted by law to the resupply of services.

veye logo

Grab Your Free Report On 5 ASX Dividend Stocks To Buy In 2024

(+61)

SALE IS LIVE

Limited Time Deal:   Over 72% OFF

DIVIDEND
INVESTER REPORT

Dividend-Investor-Report

Each week we cover companies offering a good combination of growth & dividends, maintaining a balance between stable 'cash flow' and risker 'raising stars'. Our guidance helps you choose companies with regular dividends and opportunities for lower-risk capital growth.

  • The best High Yield Dividend Stocks picked by our team of analysts every week.
  • Detailed in-depth Analysis with our expert Recommendations Buy, Hold or Sell.
  • Free Daily Analysis Report to keep up with the latest on what's hot and what's not.
  • Gain instant access to a wide range of Dividend Share Reports, exclusive to members only.
Frequency: Every Tuesday