The June '24 UCAS data shows a changing landscape for UK students:
🇬🇧 UK applicants have decreased since 2021, with a slight rise in 18-year-olds applying in 2024, yet their overall proportion has dropped.
🌏 Non-EU applications have been climbing since 2006 but fell for the first time since 2016.
🇪🇺 EU numbers continue to decrease after Brexit.
🎓 Older UK students (21-24) are applying much less, >24,000 fewer applications compared to 2010.
#studentaccommodation#studenthousing#ukstudents#ucas#ukuniversities
Operational Real Estate Expert, Consultant, Speaker, Podcast Host. Talk to me about PBSA, BTR, Coliving, ESG & AI. Founder of RESI Consultancy, Good Management and Co-host of Housed
This is the data behind what we’ve seen in the markets. It’s tough in some locations as the ‘flight to quality’ bites and some tier 2 unis are seeing an exodus of internationals and less older students applying. Plenty of room for the expected improvement next year but let’s not count our chickens. It takes work from universities and the private sector alike to ensure the UK is still an attractive proposition.
Here is a breakdown of the 24/25 1st year student intake by institution preference.
Key points of note:
📈 Higher tariff providers have increased acceptances by 7.8% from last year and 8.2% from a 2022 low, now making up 35.3% of 2024 acceptances.
📉 Medium tariff providers dropped 0.5%, while lower tariff institutions saw a larger decline of 4.4% from 2023.
🌏 International students prefer higher tariff institutions, making up over 20% of all acceptances in this category.
🇬🇧 UK student acceptances at high-tariff institutions have risen 9.3% from 2023, and account for 95% of low-tariff institution acceptances.
⬇ UK, EU, and non-EU student acceptances at low-tariff institutions declined in 2024, with non-EU acceptances down 13.6%.
#studentaccommodation#studenthousing#ukstudents#internationalstudents#ucas
Universities are calling for such an increase. They should be calling for a change to migration policy and an end to the pretence that our universities should compete against each other instead of providing integrated higher education to meet the needs of all in the UK.
George Blake writes for Higher Education Policy Institute that “Reduced international student numbers are a much bigger problem than you think.”
Although we continue to be perplexed as to why other nations manage to sustain a thriving, high quality private #Highereducation sector, with no government financial support?
It is not impossible to have research intensive, high quality #highered which is self sustaining, with such great minds running UK universities it must be possible to look at assets, revenue & costs in the round in order to come up with a financially sustainable model, which does not rely on the tax payer to bail them out.
See our article “Students costs or assets? in Wonkhe.
“As new UK #visa data shows a slowdown in international #studentrecruitment, the potentially staggering economic costs of sector contraction have become clear.
This year’s visa data suggests a drop in #internationalstudent applications after years of record #recruitment.
Applications from January to July 2024 were 16% lower than the same period in 2023. This decline, if continued over the next few months, could result in 60,000 fewer #internationalstudents attending UK #universities.
For this exercise, we will assume the average international student is paying about £19,000 per annum (this lines up with assumed estimates from other sources for previous years). If the courses impacted are high-cost #MBAs at prestigious institutions the numbers could be much higher.
On that basis, a 60,000-student drop could reduce #university income by £1.14 billion, whilst also reducing #studentaccommodation income & other revenue streams that result from students coming to #campus. For context, the sector’s 2022/23 surplus was £1.5 billion, mostly concentrated in institutions less likely to be affected by declining numbers.
Discussions with sector colleagues suggest post-92s & institutions in the South East & North of #England will be under more strain, with a mixed picture in #London. Income loss for impacted institutions could exceed £1.14 billion if others, as expected, gain market share. This loss could push many vulnerable universities to the brink of financial ruin…
A crisis in the sector is likely to further impact the UK’s international reputation, reducing confidence in UK institutions. The UK’s reputation (outside of its most prestigious institutions) is already fragile following #Brexit, hostile rhetoric from previous governments & safety concerns heightened by recent far-right protests & an ensuing travel warning. That reduced confidence could have spiralling consequences if international recruitment is further impacted.”
Asia Careers Group SDN BHD - Investing in International Futures
AGCASBritish CouncilBUILADepartment for Business and TradeDepartment for EducationJiscOffice for StudentsUCASUKCISAUniversities ScotlandUniversities UKUniversities UK InternationalUniversities Wales
#intled - The international education think tanks in Britain are shouting from the rooftops these days with the tolling bells of impending doom for higher ed institutions. HEPI predicts a loss of 60,000 students will result in £1.14 billion lost revenue.
In some disappointing news, HESA's student record release for 2022/23 has now been confirmed as being delayed until August 2024.
We are at a critical time for the higher education system. Universities across the UK face financial challenges, the changes to visa rules are forcing a change in delivery model, and we expect a general election expected later this year where all parties need to provide clear guidance. The sector always needs data but now more than ever.
This delay reminds me of how much I take excellent data infrastructure for granted. And how difficult things become when you need to find the next-best source.
https://lnkd.in/gdrcGcYa
In some disappointing news, HESA's student record release for 2022/23 has now been confirmed as being delayed until August 2024.
We are at a critical time for the higher education system. Universities across the UK face financial challenges, the changes to visa rules are forcing a change in delivery model, and we expect a general election expected later this year where all parties need to provide clear guidance. The sector always needs data but now more than ever.
This delay reminds me of how much I take excellent data infrastructure for granted. And how difficult things become when you need to find the next-best source.
https://lnkd.in/gdrcGcYa
📰 READ: In this new article from the Ecctis international education briefing we look at what the future might hold for UK student recruitment and TNE in the EU.
🌍 It considers demand for UK #highereducation and the future direction for partnerships and mobility between the UK and EU countries.
➡️ https://ow.ly/iBoR50Qs3k5
Let's talk U.S. education costs
International students studying in the U.S. can often expect their yearly tuition to cost between $25,000 - $70,000. However, top U.S. universities can provide accessible funding, making education affordable for U.S. residents.
Consider a fast move to the U.S. with the EB-5 program to access resident funding for your children’s education and future. With U.S. residency you can find:
• Public universities offer more affordability
• Averaging $10,740 for in-state students and $27,560 for out-of-state students in 2021-2022 with tuition prices having dropped 2.2% year over year.
• Private schools can be pricier at $38,070, private tuition costs are their lowest since 2017-2018.
#education#USeducation#Immigration#immigrationUSA#internationalstudents#Students#liveinUSA#eb5#eb5program#visaeb5
📰 READ: In this new article from the Ecctis international education briefing we look at what the future might hold for UK student recruitment and TNE in the EU.
🌍 It considers demand for UK #highereducation and the future direction for partnerships and mobility between the UK and EU countries.
➡️ https://ow.ly/iBoR50Qs3k5
The final UCAS clearing stats have now been released, so what does the UK student population look like for the coming year?
Key takeaways and findings:
• Total acceptances are up 0.9% this year, reversing a downward trend we’ve been seeing since 2021
• While UK domiciled students are up 1.1% from last year, EU students are down 0.8% and non-EU students down 0.5%
• China, India and Nigeria domiciled student numbers, which had previously seen strong growth, have all seen numbers drop this year - Chinese students are down almost 11% from peak
• Top universities are still growing with a 7.8% increase in students from last year, while middle and lower tariff universities are continuing to struggle
• International students are still strongly preferring top universities, with EU and non-EU making up over 20% of students this year
Read my full analysis below:
https://lnkd.in/eyssdjyh..
#studentaccommodation#studenthousing#ucas
As previously discussed, the likelihood of recent discussions around university budgets is that the government will allow them to raise fees for domestic students. This may actually prove beneficial for a number of reasons:
- Universities can better balance their budgets and invest in much needed resources.
- Universities are less dependent on higher international student fees and therefore willing to compromise on student quality to drive enrolment.
We will keep a close eye on how fee increases impact prospective students from low income families. The expectation is that loan and other financing provisions will be in place to ensure they still have a pathway.
#university#ukeducation#feeshttps://lnkd.in/eFAkXiic
Operational Real Estate Expert, Consultant, Speaker, Podcast Host. Talk to me about PBSA, BTR, Coliving, ESG & AI. Founder of RESI Consultancy, Good Management and Co-host of Housed
2moThis is the data behind what we’ve seen in the markets. It’s tough in some locations as the ‘flight to quality’ bites and some tier 2 unis are seeing an exodus of internationals and less older students applying. Plenty of room for the expected improvement next year but let’s not count our chickens. It takes work from universities and the private sector alike to ensure the UK is still an attractive proposition.