Attention Economy


Thursday, August 25, 2022

International Students as a Revenue Stream

International students deserve to be treated as more than just a revenue stream
https://www.theglobeandmail.com/opinion/article-international-students-deserve-to-be-treated-as-more-than-just-a/
 
The Shadowy Business of International Education
https://thewalrus.ca/the-shadowy-business-of-international-education/    
Agents connect students like Kushandeep with postsecondary institutions overseas. They often find the school, complete the paperwork, and apply for the visa. Despite this, they’re generally not paid by the students but by the institutions. Schools aren’t often forthcoming about their commissions, but multiple agents told me that the industry standard is 15 to 20 percent of a student’s first year of tuition—a rate that can net them anywhere from $1,500 to $5,000 a head.
It’s a commission the institutions are more than willing to pay since it will be recouped by an international tuition close to five times higher than domestic fees. Today, attracting overseas students is a financial imperative. The result is a booming secondary economy built on top of the international student market, with immigration consultants and recruiters mushrooming up around the world.