New foreign student visas 'are win-win'

Australia welcomes plenty of foreign academics into its universities every year, but these same people have often struggled to land a job in the country once they have graduated.

However, it has been revealed that as of 2013, graduates who have been studying in an Australian university for two years will be able to apply for a post-study visa, which entitles them to stay down under for at least another two years, the Macau Daily Times reports.

This is great news for those who find that the money in their student bank accounts has suddenly dried up once their loan payments have stopped.

Most academics are desperate to start earning serious money once they have been through university, as plenty of students rack up significant overdrafts throughout the duration of their course.

Australian trade commissioner Linda Yan said that the introduction of the new visas was a "win-win" situation, as the Aussie economy will benefit just as much as the foreign students will.

"We have a great number of international students that make a big investment to study in our country. They bring experience and a cultural mix to Australia," she told the news provider.

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