Jimmy Article

The Financial Costs and Benefits of Intercontinental Students

Phil Vickers and Bahram Bekhradnia

Higher Education Insurance plan Institute This summer 2007

Intro

1 . Through the second half of the last 100 years, and carrying on this, there is a steady upwards trend in the numbers of intercontinental students – from the EUROPEAN and over and above - learning in UK HEIs. This kind of report investigates the economic benefit the UK receives in the presence of these international students and in the situation of EU students compares these benefits with the significant subsidy that they receive from your UK one particular taxpayer. 2 . The full benefits these college students bring to the UK economy (and society in general) will be impossible to quantify, and several (for model cultural) have no readily considerable economic value. There is currently a body of books examining the theoretical effects that worldwide students possess on the sponsor country, which report does not seek to in addition, nor to realise a full monetary analysis. Alternatively, it tries to identify the main costs and benefits, and to estimate their orders of magnitude, to be able to arrive at several policy a conclusion. The best recognised of the monetary effects is definitely the impact of international students' spending on expenses fees and living costs. Also, since several thousand stay in the UK every year to work, having managed to graduate from a UK HEI, the statement also quantifies the impact that this has on the united kingdom economy. 3. This section in the report in short , outlines the number of international students in the UK, additional relevant backdrop factors, and just how these include changed in recent times, and then provides a brief review of some of the problems relating to the examination of the economic influence of intercontinental students. The second section quantifies the direct effects 2 of spending on college tuition fees and also other living costs. The third section examines the possible effects of international college students remaining in the united kingdom to work following college graduation. The final section assesses the policy effects of the a conclusion of the survey. 4. Inside the early nineties Greenaway and Tuck looked into the magnitude of the injections into the economic system resulting from the presence of international pupils by analyzing the amount of money getting into the UK to cover tuition fees and other expenditure. 5. In 1992 – the year on what Greenaway and Tuck's research was based – there have been 95, 900 full time foreign students in UK HEIs. That number improved steadily to 240, 390 in 2004-05 (318, 500 including part-time students). Of these, 100, 005 were coming from EU countries, whilst the 218, 395 were from countries outside of the EU. Stand 1 listed below

1

A lot of non-EU pupils also obtain UK authorities grants to study in the UK, but this to a small minority. 2 This section serves as an update to a identical study: David Greenaway and Jacqueline Stick, Economic Effect of Intercontinental Students in UK Degree.

shows the breakdown of such two teams into undergrad and postgraduate, and in to full time and part time students. Table you: Summary of international (including EU) college students present in UK universities in 2004-05 EU: Full Time: Undergrad: Postgraduate: Part-time: Undergraduate: Postgraduate: Total: 9210 18205 100005 16320 34375 218395 Source: HESA 44980 27610 82095 85605 non-EU:

6. The UK's worldwide market share of international learners stood by around 11 per cent in 2004, having reduced coming from 16 % or so over 10 years ago. In terms of business the UK is still second to the USA (which has also lost market share, although which continue to dominates industry with a reveal of 20+ per cent). Despite this reduction in market share, the amount of international students globally have been increasing to such an degree that the volume of such pupils in this nation has grown quickly, as is shown in Physique 2 below. Figure a couple of: Growth in international pupil numbers

International students in UK schools, 1995-2005 350000 300000 250000 200000 150000...

Bibliography: Bekhradnia, B., Whitnall, C., and Sastry, Capital t., The Academic Experience of Students in English Schools (HEPI, 2006) Blanchflower, G., Saleheen, M., and Shadforth, C., The Impact of the Latest Migration via Eastern Europe on the UK Economy (IZA Discussion Daily news no . 2615, 2007) Coleman, D., and Rowthorn, 3rd there’s r., " The Economic Associated with Immigration into the United Kingdom”, Population and Development Assessment (issue 30(4), December 2004) Glover, S i9000., et ing, Migration: an economic and social analysis (Home Office 2001, RDS Periodic Paper No 67) Greenaway, David, and Tuck, Jacqueline, Economic Effect of Intercontinental Students in UK Degree (Committee of ViceChancellors and Principals in the Universities of the United Kingdom, 1995) Association of Graduate Recruiters, Winter Survey (2007) Office for Education and Abilities, The Future of Advanced schooling and the Degree Bill 2005: Regulatory Impact Assessment (2004) Department intended for Education and Skills, Pupil Income and Expenditure Review 2004/05 (Research Report no . 725, 2006) HESA, Locations of Leavers from Higher Education (2005) HESA, Students in Higher Education Corporations (annual publication, data based on several editions) OECD, Education at a Glance (2005 edition) UKCOSA, Broadening the horizons: worldwide students in UK universities and colleges, report in the UKCOSA study (2004) BRING TOGETHER, Student Knowledge Report (2006) UNITE, Worldwide Student Knowledge Report (2006) Universities UK, The economical impact of UK advanced schooling institutions (2006)

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