Industry News

98% Hike in Study Abroad Loan Applications in 2022: Report

Breaking free from Covid-19 travel and economic blues, there has been a 98 per cent growth in study abroad loan applications in the first three months of 2022 vs the first three months of 2021, observed Prodigy Finance, a UK-based FinTech company.As per the data, of the total growth, candidates from tier-II and tier-III cities including Vijayawada, Visakhapatnam, Guntur, Warangal and Tirupati have contributed 176 per cent of this growth.The report also shares that the top five popular business schools for Indian applicants in 2021 were INSEAD, London Business School, IESE Business School, Wharton School, Booth School of Business. Meanwhile, the top five popular…

Students ‘unlikely’ to receive full refunds after closures

Richter Inc. suggested that 502 students who have had their study permit request denied, or withdrew their applications from the colleges, will have to get in line with other unsecured creditors. Almost all of the students are from India. In a court filing this month, Richter said any money the students receive “is likely to represent a small fraction of the refund claim amount”. Each student paid between $28,000 and $30,000 to attend the colleges. According to the court filing, 633 students have requested refunds totalling $6.4 million. In addition, $5m in tuition has been paid by students waiting for…

India overtakes China as international students’ top country of origin

He said China’s tough border rules, which enforce a minimum of three weeks’ quarantine, and ongoing fears of COVID-19, also presented serious logistical hurdles.“Some return flights cost over $10,000 at the moment. I think you will only see the number of students grow once China opens its border and flights return to normal,” Mr Li said.“In addition, the Chinese government changed its regulations to recognise online study degrees. As long as that remains, there will be a temptation to stay home.”As many as 57 per cent of Chinese student visa holders remained outside Australia as of March 14, compared to…

Most international students in the US want to stay after graduation but worry about getting a job – ICEF Monitor

Short on time? Here are the highlights: A recent survey of international students studying in the US found that most students are happy with their experience and want to remain in the US after graduation However, the study also found a significant level of concern among students about their ability to get an internship and a job in the US This sense of how difficult it might be to achieve career goals in the US seems to be affecting many students’ estimation of whether studying in the US offers sufficient value for money How are international students feeling about studying…

Call to end cap on number of international students allowed in NZ

Capping the number of international students entering the country to 5000 should be scrapped in light of Wednesday’s border announcement, says Universities New Zealand. The Government will open the border to vaccinated Australian tourists from 11.59pm on April 12, while tourists from visa-waiver countries like the United States and the United Kingdom will be able to arrive from 11.59pm on May 1. However, the number of international students who can apply to study from April 1 remains limited to 5000 for the school, private and tertiary sectors. The 5000 places have been allocated as follows:Universities – 1450 (29 per cent).…

Biden immigration rule will harm American college graduates, expert warns

The Biden administration’s new STEM visa expansion makes a ‘mockery’ of the system, immigration analyst says American college graduates will be harmed by new STEM visa rules being put in place by President Joe Biden’s administration, an immigration analyst warns. The Department of Homeland Security has expanded the “STEM Designated Degree Program List” to include Industrial and Organizational Psychology and Research Methodology and Quantitative Methods among other additions. “The STEM list is absurdly broad, allowing more foreign graduates to obtain 3-year work permits,” Robert Law with the Center for Immigration Studies told The College Fix via email. “There is no shortage…

US, Netherlands universities woo Mumbai students with multiple course options

Public and private universities from countries such as the US, Netherlands organised an international study fair, for Indian students who wished to study abroad at Courtyard by Marriott in the city. With India being one of the biggest markets for international students, the universities present in the fair pitched the speciality of their programmes, environment, benefits and much more to individuals who were interested in knowing more about what each university offered to them. Students from a wide range of educational backgrounds were present to get an idea of how pursuing education abroad would look like for them. Daksh Sharma,…

Irish universities offer increased opportunities to Indian students

Summary Ireland’s minister of state for trade promotion Robert Troy inaugurates Maynooth University’s India presence and launches the new brand of Technological University of the Shannon, in India Irish higher education institutions are ranked amongst the best in the world and universities in Ireland rank amongst the top 5% worldwide. Ireland has emerged as one of the top study abroad destinations among Indian students. A number of Ireland’s higher education institutes have been active in India in recent years, building brand recognition among students and education stakeholders. On the occasion of his visit to India, Robert Troy, minister of state…

India-Australia set up task force for Qualifications Recognition

The step could be a game changer for enhancing educational, research, and economic collaboration between the countries, and mutually recognised qualifications will further open up pathways for mobility of students, professionals, and skilled workers between India and Australia. “Australia has a longstanding and strong relationship with India across education, skills and research,” Australia’s acting minister for Education and Youth, Stuart Robert said. “The task force will pave the way for new opportunities for graduates of both India and Australia” “The task force will pave the way for new opportunities for graduates of both India and Australia to use their qualifications.”…