Indian students 'are shunning the UK in favour of Australia'
Australia and Canada are proving to be increasingly attractive study destinations to people from India.
Britain has traditionally been the preferred choice of academics from the Asian country who are looking to move overseas.
However, University World News reports that tougher visa regulations in the UK are forcing Indian youngsters to look elsewhere.
Naresh Gulati, chief executive officer at Oceanic Consultants, told the news provider: "Other countries such as Australia have gained after making some significant changes to visa regulations that seem to appeal to the Indian student."
Studying down under is clearly an attractive proposition, but foreigners must ensure they do their homework before relocating – especially if they want to ensure their student bank accounts are looking healthy.
The Daily Telegraph recently revealed that Australia has amassed a total debt of $23.1 billion through the higher education loan program.
It is very easy for youngsters to lose control of their spending and many people end up in huge amounts of debt. The key to avoiding this is to budget properly.
Have a question about student banking? Ask the money gurus at Mozo Answers.