The decline in the number of international students applying for Aussie universities could be a concerning trend as they provide a significant source of income for tertiary education establishments.
This is according to Professor Glyn Davis, vice-chancellor of the University of Melbourne, who stated at the Australian Melbourne Institute Growth Challenge conference in the city that there may be quality issues if this source of revenue drops, which may worry those with student bank accounts.
He asserted that the total subsidy to domestic students from overseas studiers is about $500 million each year, the Australian reports.
"On the one hand, the government wants a huge domestic expansion, but it is meant to be underpinned by the continuing success of the international market. If that fails, so will this," Professor Davis stated.
Last month, the same publication reported that Professor Lawrence Cram, deputy vice-chancellor of the Australian National University found that 63 per cent of university funding is spent on research.