Recommended.co.nz | Guide2.co.nz | Voxy.co.nz | Gimme.co.nz
Homepage | login or create an account

Falling NZ Dollar Attracts International Students

Contributor:
Fuseworks Media
Fuseworks Media

Wellington, Feb 12 NZPA - The falling value of the New Zealand dollar has been a boost to education providers looking to attract international students.

In the year to February 1, Immigration NZ issued 67,530 student visas, 4200 more than last year, The New Zealand Herald reported today.

Education New Zealand, which promotes education services to overseas families, said some providers were reporting growth of up to 36 percent.

Some parents were rushing to pay fees for up to two years upfront to take advantage of the New Zealand dollar's sharply reduced exchange rate.

That was happening even as the international student market worldwide cooled in the face of global recession,

Student numbers fell from 126,919 in 2002 to 90,934 in 2007.

The actual number of foreign students studying in New Zealand this year would not be known until next month at the earliest, as many who have applied for visas have not yet started their courses.

Education NZ chief executive Robert Stevens said several institutions had reported increases in applications.

"But whether these students turn up, we will only know when the term starts."

International student applications at the University of Auckland are up 20 percent on last year.

The university said it was on track to meet its international student targets for the year.

AUT University has had a 17 percent increase in international student applications, said spokeswoman Tiffany White.

NZPA WGT mjd kn

About guide2.co.nz : money

Find the latest money news and 'how to' guides on Guide2Money.

Ask our researchers your personal finance questions.

Your Questions. Independent Answers.

---
Australian 'how to' guides and recommendations