Education tourism the new norm?
Is it time for a new normal when it comes to international education? Much has been written on the US demographic cliff and its implications for colleges and universities. At the same time there is increasing apathy towards higher education among school leavers in Australia, the UK, and young people in the USA are questioning whether college is worth it - a question they are right to ask in light of mounting student debt. Additionally, with an aging population, there will be a growing need for individuals to upskill throughout their lifetimes, necessitating the ability to engage with tertiary education multiple times.
In the UK, tax payers underwriting student loans are also questioning the return on their significant investment in higher education, with student loans in England expected to cost the government an extra £11 billion a year as a result of higher interest rates massively increasing the cost of borrowing, according to analysis by the Institute for Fiscal Studies.
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