Magazine article The Times Higher Education Supplement : THE

International Students Save Up to One-Fifth after Brexit

Magazine article The Times Higher Education Supplement : THE

International Students Save Up to One-Fifth after Brexit

Article excerpt

But UK students at universities abroad will lose out from the falling pound. Ellie Bothwell writes

For UK universities lamenting the result of the European Union referendum in June, there may be at least one crumb of comfort. It is likely to be easier to retain international students from outside the EU, whose tuition fees this autumn will be up to a fifth cheaper than they were last year.

That's the main finding from research conducted by the financial services company Western Union Business Solutions, which showed that students from Malaysia - a key and growing market for the UK - will benefit the most from the falling pound, paying 22 per cent, or almost £2,700, less on tuition compared with September 2015.

Fees for Singaporean and American students will be 21 per cent and 17 per cent cheaper, respectively, according to the study, which was based on an analysis of tuition fee payments data for the UK's main overseas markets.

It assumed an average annual tuition fee of £10,000, although a survey compiled by the Complete University Guide and published last month by Times Higher Education found that average annual tuition fees for undergraduate overseas students in 2016-17 are £13,394 for classroom-based degrees, £15,034 for laboratory-based degrees and £24,169 for clinical subjects.

Overseas students enrolling in higher education for the first time this year will also benefit, with international tuition fees for the UK's key markets dropping at least 10 per cent since 23 June, the day of the EU referendum. …

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