Top Aussie varsities says China travel ban may result in US$2 bil in lost fees

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International education was worth A$32.4 bil to the Australian economy in 2017-18. FMTNews Australia China Travel Ban

Nearly 70,000 Chinese students are due to start semester at 8 top-ranked universities but are unable to travel due to the ban.

Nearly 70,000 Chinese students are due to start their semesters soon at eight top-ranked universities, but have been stuck since the bans started on Feb 1, said Vicki Thomson, chief executive of Group of Eight, which represents the universities. Thompson warned that countries with competing universities, such as Britain and Canada, remain open to Chinese students and many people could look elsewhere.

Top universities stand to lose around US$2 billion in fees alone, according to recent preliminary estimates by Standard & Poor’s.As of Friday morning, 15 cases of the virus had been detected in Australia.

 

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