Warnings of ‘concentration risk’ for sector as cap on international students anticipated
Overseas student revenue at the University of Sydney, pictured, and UNSW together made up 64% of the state’s total revenue from international students.Overseas student revenue at the University of Sydney, pictured, and UNSW together made up 64% of the state’s total revenue from international students.
Universities earn nearly twice as much from overseas students compared with domestic students. Average revenue per domestic full-time equivalent student was $22,996 in 2023, the report found, compared with $41,117 for an overseas equivalent student.“NSW universities’ overseas student enrolments and revenue in 2024 are sensitive to changes in the rate of approvals of student visas,” the report warned.
In NSW, all universities, except for Charles Sturt, had an increase in overseas student revenue in 2023, the report found, by as much as 47.1% on the previous year. As the overseas market grew, the number of full-time equivalent domestic students dropped, by 2.6% in the year to 2023 – with only three universities experiencing an increase.
The report also cited a number of risks facing the sector, including outdated policies and payroll procedures.Seven universities had cybersecurity risks “above what was acceptable”, while the report also cited delays in responding to auditor recommendations, remediating wage underpayments and not capturing staff conflicts of interest.
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