The Market Monitor Digest (week 36/2024)
It's our pleasure to be your go-to for the week’s key industry news. Thanks to the information collected by the BONARD Market Monitor team, you can now keep your finger on the industry pulse.
International Education
Cyprus: K12 group Globeducate buys second school in Cyprus
By Simone Rensch, Sep 03, 2024
This is the second school in Cyprus that Globeducate has purchased, as it grows its portfolio of bilingual and international schools globally.
Colombia: Market snapshot | International student recruitment in Colombia
By Simone Rensch, Sep 03, 2024
Colombia is one of the fastest growing education markets for Canada, the US, and Australia. According to the US International Trade Administration, Colombian students are drawn to programmes in business administration, management, finance, banking, marketing, and engineering.
India: Eruditus eyes $150m in latest round, led by TPG
By Education Investor, Sep 03, 2024
Indian executive education provider firm, Eruditus, is reportedly in advanced talks to raise $150 million in a new funding round led by TPG.
Japan: Uproar over ‘discriminatory’ hike in foreign student fees
By Suvendrini Kakuchi, Sep 03, 2024
An ongoing backlash by international students against a decision announced by Musashino Art University, Tokyo to hike tuition rates for foreign students entering in 2025 has set off alarm bells in Japan’s higher education sector. The new fees, announced in July, mean that international students will pay approximately 20% more than domestic students whose fees remain unchanged.
South Korea: Parental wealth is a major factor in university admissions
By Yumi Jeung, Sep 04, 2024
The findings, in a Bank of Korea (BoK) report, revealed that the country’s top-performing students come from families that can afford to live in areas known for their strong educational institutions and who invest heavily in private out-of-school classes at cram schools.
UAE, Dubai: 3 schools shut after failing to meet quality standards
By Nandini Sircar, Sep 03, 2024
The education regulator in Dubai said that this move highlights 'the priority placed on student welfare'.
UK: UK ELT sector: Quarterly Intelligence Cohort (QUIC) report for Q2 of 2024
By English UK, Sep 03, 2024
English UK and its research partner BONARD have released a Quarterly Intelligence Cohort (QUIC) report for Q2 of 2024, showing that participating schools were at 81 per cent of pre-Covid student weeks, consistent with the level of recovery achieved last year.
UK: Reduced international student numbers are a much bigger problem than you think
By George Blake, Sep 03, 2024
This year’s visa data suggests a drop in student 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 students attending UK universities.
UK, Taiwan: Knowledge knows no boundaries: The UK-Taiwan frontier in academic innovation
By Mitchell Gallagher, Sep 4, 2024
The UK and Taiwan are deepening their ties based on shared democratic values and a strong focus on innovation, particularly in technology and education. This partnership opens new doors for research and technological advancements.
Ukraine, UK: Support for Ukrainian students in UK higher education
By Joe Lewis and Siobhan Wilson, Aug 30, 2024
Ukrainian students under the Ukraine schemes are eligible for home fee status and student finance if they are studying at approved UK institutions. Family members under these schemes may also qualify for similar support.
US: ‘Bumpy road’ ahead for US universities recruiting overseas
By John Ross, Sep 04, 2024
Increased American targeting of foreign enrolments expected to prompt policy response and reduce competitor countries’ access to ‘low-risk’ students.
US: Campus cuts appear to slow in August
By Josh Moody, Sep 03, 2024
Fewer institutions announced layoffs in August compared to the earlier summer months. But at several universities that did, the cuts were sweeping.
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