Australia's education industry endures big losses

The ongoing border closures are harming Australia's international education sector with modelling estimates showing it is set to shrink from $40.3 billion in 2019 to $20.5 billion by the end of 2022.

Applications for Australia Awards Scholarships will open from next week Source: Getty Images/urbazon

Highlights

• According to Victoria University's Mitchell Institute, the international education sector is set to shrink from $40.3 billion to $20.5 billion.
• Prior to the pandemic, online learning was worth around $9 million dollars, but by the end of 2020, it had rocketed to $3.3 billion.
• The Mitchell Institute's report shows by November 2020 just 17,000 NEW overseas students have enrolled,  massively short of the usual 120,000 every six months.

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