Cash Cows: Australian universities making billions out of international students | Four Corners
Video Statistics and Information
Channel: ABC News In-depth
Views: 863,546
Rating: undefined out of 5
Keywords: Australia, international students, university, student exchange, study abroad, australian universities, higher education, exchange student, student visa, academics
Id: Sm6lWJc8KmE
Channel Id: undefined
Length: 41min 39sec (2499 seconds)
Published: Mon May 06 2019
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Yes, one of the favorite destination for higher level studies by my countrymen. Rich people could afford it but even middle class are taking loans just to send their children there to study. Most of the time, you could do the same degree in a local uni for almost free but they would spend about half a million local currency so their children get an advantage and experience Australian culture. With the policy where by most companies in Australia have to hire locals, almost every student studying in Australia gets kicked back to my country after they finish their studies.
Here they earn similar salaries compared with a graduate from the local uni. Sad to see people getting ripped off but its their choice. I think its part of the keep up with the Jones mentality where my children did not do local uni, they did Australia uni.
The same thing is happening here in America. Enrollment is down, and colleges are picking up the slack by aggressively recruiting international students who pay 1.5-2x the cost of attendance.