Loss of international students set to blow $30b-$60b hole in economy

within the next three years while international students are blocked from coming here due to the COVID-19 pandemic.

each six-monthly intake of students missed due to travel restrictions would deliver an estimated economic blow equivalent to when Australia lost its entire car manufacturing industry. “There are more of them and [universities] are charging them more,” Mr Hurley said of the sector's increasing reliance on international students.

Six universities made more than half of their student revenue from international students, including the University of Melbourne, Monash University, the University of Sydney, the University of NSW, the University of Queensland and Federation University in Ballarat.Mr Hurley said the larger universities were in a healthy financial position before the COVID-19 pandemic hit and had resources to draw on during lean times.

In response to the COVID-19 crisis, the Morrison government has guaranteed $18 billion in funding for universities' domestic education in 2020, pegging the support at expected student numbers before the hit to enrolments from the pandemic. Ordinarily, it would be revised down throughout the year if student numbers were lower than anticipated.

Education consultant Claire Field said the lack of support being shown to international students by the Australian government right now could also do lasting reputational damage to the university sector.

we can plan to allow them in June with 14days quarantine Unis should talk to Canb

The greedy and lazy govt has been relying on easy cash too much, ie international students, selling resources etc, time to bring up the standard of education and focus on the development of technology, then you all will be less dependent on any other countries in the world.

Let the loss be a lesson for industry. Learn from it and don't let it happen again.

Like tourism, we built an economy around sectors that are exposed to disruption. Universities will adapt, but now is surely the time to invest in research and development in Australia. Our universities are world leading.

Shouldn’t outsource your country.

I wish I cared, but I don’t. We have to look after our people first and the economy second. Lives are what matter. I do find it interesting that universities have become such big money spinners, while tertiary education has become more cost prohibitive for the average Australian.

That's assuming they will want to come, given their treatment as temporary visa holders under JobKeeper

3 yrs, $60b sensationalist garbage

That is what happens you put your eggs in one basket, i.e., international students seen as cash cows. How about providing more support to local student to undertake remote learning or part time research? CCPVirus Lockdownaustralia

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