Along with many other countries, and many other industries, the Australian education sector has taken a massive financial hit from the international travel restrictions that have led to overseas students not being able to come to Australia to study. The FT reports on trying to get them back.
A slump in international student enrolments because of Covid-19 will blow a A$16bn ($11.4bn) hole in Australian university finances over the next four years, the industry has warned. That threatens to cripple research and cost thousands of jobs.
Business schools in particular face severe cuts because of their reliance on fee income from foreign students. In response, they are accelerating their rollout of online teaching and re-engineering courses to meet the financial and logistical challenges posed by the pandemic.
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