The foreign education sector has contributed around $5.3 billion to the economy of Australia in the month of March quarter, which is the utmost ever recorded. This figure has beaten the earlier record of $4.9 billion in the month of June previous year and supported this booming sector to around $19.7 billion financial boost to the year ending to March.
According to the Statistics Bureau of Australia, the foreign student sector has developed by $2 billion when compared to the similar time previous year, when it was recorded at $17.6 billion.
Australian Foreign education association, Executive Director, Phil Honeywood has informed that foreign students has given an incredible boost to the economy of the country, education providers must not become contented.
He said that Australia has to do much more better on service delivery for genuine students. As the country still lag behind competitor countries like the US, Canada and New Zealand in offering employability skills, diversity in classrooms and safe and secure affordable accommodation.
The foreign education sector has continued to develop exponentially since decline in Australian dollar value and amendments in requirements for visa.