Foreign Students in Australia Hurt By College Closures

While there is a lot of good news for people moving and shipping to Australia, like anywhere there is also some bad news. Here is one story.

Australia’s image as a top destination for foreign suffered a setback recently after four bankrupt colleges closed. The move left more than 2000 foreign students without a place to learn. Thousands of students who turned up for class in Australia found themselves locked out. The four bankrupt private colleges were located in Sydney and Melbourne.

Most of the students were from India and South-East Asia, and had paid up to 20,000 Australian dollars (18,300 US dollars) to the China-owned Global Campus Management/Meridean Group which suddenly went into voluntary bankruptcy administration. State governments stepped in to offer places in government schools for students to sit their exams, but students feared they had been cheated and abandoned.

Around 150,000 overseas students are enrolled in colleges, universities and schools in Australia making it an industry worth 16 billion Australian dollars anually.

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