2024-04-22 |
Study Abroad

Visa hike expected in May as Australian sector share prices fall

Australian Sector Share Prices Decline, Visa Hike on the Horizon for May
News Update
  
Australia

Visa hike expected in May as Australian sector share prices fall

 
Stakeholders in Australia are concerned about potential visa fee increases for international students.
The Grattan Institute proposed raising fees to $2,500 to support Commonwealth Rent Assistance, which would impact local youth due to rising rents. This proposal also involves changes in post-study work visas and English language requirements for temporary graduate visa holders.
Previous visa fee hikes have positioned Australian student visas among the most expensive globally, potentially deterring students and affecting market diversity, impacting the economy. Recent declines in visa grant rates in the VET and ELICOS sectors have raised concerns, with some countries experiencing significant drops in visa grants.
Experts express grave concerns about the potential repercussions on the education sector, particularly in the ELICOS and VET markets. They fear visa processing challenges and declining grant rates could worsen the situation.
There are urgent calls to align Australia's international education strategy with its migration strategy for consistency. While concerns about a cap on international student numbers have been discussed, there are no immediate plans for such measures in the upcoming budget.

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