The sector is worth pounds 1bn to the UK economy, but the dash for cash could be driving down academic standards, according to a new report.
Numbers of international students opting to take degrees in this country has trebled over 20 years, to 95,900 in 1993. They contribute pounds 700m a year in fees and direct spending on goods and services. These payments, combined with additional economic spin-offs from their presence, add up to pounds 1bn, making education a major source of foreign income, the analysis for the Committee of Vice Chancellors and Principals reveals.
Those from outside the European Union contribute at least pounds 349m a year to universities and colleges in academic fees alone. They are charged market rates for studying at a UK institution.Reuse content