A recent analysis from experts in the education and economics industry has revealed that the British government is underestimating the impact of higher fees on international students, from 2% to 6%. The risk is particularly high in the international education sector.
The assessment of the current situation and further consequences was carried out by independent experts, and here are the main theses based on the results of their inspection:
- An increase in the mandatory fee for international students could significantly reduce the number of applicants from other countries in the United Kingdom, which would also reduce the income of local universities, and the country as a whole would lose its prestigious status in the educational sector internationally.
- Representatives of British universities and colleges do not approve of the government's decision to increase the amount of fees: in addition to reducing income and losing jobs, this threatens them with the loss of competitive advantages, a decrease in the diversity of the student community and a deterioration in reputation.
- The current financing model does not take into account all risks, so before introducing new fees, it is necessary to conduct an additional analysis of the consequences. It will require consultation with stakeholders, not just a sole decision by the government.
- As alternative options for resolving the situation, experts suggest a phased increase in the fee, the introduction of a differentiated approach or the development of compensation mechanisms.
