John Lodewijks (Professor and Vice President – Academic) in Financial Express talks about the potential consequences of Australia's student visa fee hike on international students. He highlights a possible positive effect of this policy change suggesting that the increased costs may encourage students to explore alternative funding sources, such as scholarships and financial aid programs, making them more resourceful in financing their education.
Dr Lodewijks’ perspective reflects both the challenges and opportunities created by the visa fee increase. While the policy may create financial hurdles, it could also drive students to become more financially strategic and explore global education options beyond Australia.
For a quick overview, below are the key pointers:
- Visa Fee Hike Impact: The 125% increase in student visa fees may discourage budget-conscious students.
- Financial Adaptation: Students may need to seek scholarships and alternative funding options.
- Shift in Study Preferences: Higher costs could push students to consider alternative destinations like London, Dubai, and Singapore.
- Streamlined Alternatives: These destinations offer easier visa processes and better accessibility to information.
- Long-term Effect: The visa fee hike may reshape international student choices and financial strategies.
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