The government of Australia has announced that the fees for university education will be increased. From 2018 most of the Bachelor’s degree courses will cost higher depending on the stream. An international student will have to shell out extra in the range between 1,700 Australian dollars to 700 Australian dollars for their university education.
The hike in the university education fee requires that international students in Australia are cautious regarding their choices for education. The increase in numbers of the international students and the competitive job market has resulted in increasing the complexity of the choices of education.
Most of the international students opt for university level education for obtaining better jobs, while some also choose university education for reasons that are non-fiscal in nature.
In the long term, international students with a Bachelor’s degree have low rates of unemployment when compared with those with lesser levels of education. They have 50% lesser risk of unemployment, as quoted by the Study International.
International students with a Graduate degree have more access to the job market than with those with lower qualifications. Market research has also proved that international students in Australia with a graduate degree have more salaries than compared with those who possess Class 12 or vocational qualifications.
The data for earnings has also suggested that university level education continues to appeal to most of the international students and marginal fee increase must not have a significant impact. The proposed fee hike is equal to around a seven day pay for the majority of the graduates.
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