Over the past several years, studying abroad has become a major economic issue and countries are competing fiercely to attract as many young minds as possible to gain a place in the expending education market.
In Australia, education accounts for a very large share of the trade balance. It generates about 10 billions euros a year. The tuition fees for international students are very high and represent a great source of income for local universities, which causes real competition to attract as many international students as possible. Yet, according to a recent HSBC survey, studies in Australia are among the most expensive in the world, as are the United States. Australia welcomes 7% international students to its territory and the income from the enrollment of foreign students is even higher than tourism’s!
Are you also going to study abroad? Don’t forget your special student insurance!