NEW DELHI, JANUARY 7: British universities plan to accept more international students to tide over the financial crisis created by Brexit. University officials expect more students from India and China to join the various courses at the UK universities.
The financial crisis created by Brexit has drastically hit the British universities. The higher education area of UK has been cut out of £1.3 billion of EU research funding as well as is experiencing a collapse in students from the EU. Adding to this is the expected government review to recommend reducing the fees universities for undergraduates from the UK to £6,500 a year. The no-deal Brexit is likely to adversely affect all aspects such as trade, citizenship, regulations and education.
On the other hand, fees paid by international non-EU students are three to four times of what the British students pay making it more profitable to admit international students. Currently, the fee paid by the UK and EU students is capped at £9,250, while international students pay as much as £40,000 annually for undergraduate courses.
The British universities are already working towards boosting international enrollment. The impact of Brexit may also result in universities to cut staff.
The UK has some of the top universities in the world. With as many as 75 universities ranked by the QS ranking 2019, the top universities in UK rank among the top 10 in the world. As the universities accept more international students to pursue higher education, the British government may require to loosen their immigration and post course work opportunities regulations.