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Australia closes dual-study visa loophole for foreign students
  + stars: | 2023-08-25 | by ( ) www.reuters.com   time to read: +2 min
Students walk past stalls during the orientation week at The University of Sydney, in Camperdown, Australia February 15, 2023. International students can undertake additional courses along with their core studies called the "concurrent study" rule, which is designed to help prepare them for the job market through short courses. But the government said recent investigations have identified that many were misusing this rule to ditch their university courses and permanently switch to cheaper courses. The government will also increase the amount of savings international students will need in order to get a student visa. From Oct. 1, foreign students will need to show evidence of A$24,505 ($15,693) in savings, up 17% increase on current levels, to take into account higher living expenses.
Persons: Stella Qiu, Jason Clare, Clare, Renju Jose, Michael Perry Organizations: The University of Sydney, REUTERS, Rights, Thomson Locations: Camperdown, Australia, Sydney
[1/3] Students walk past stalls during the orientation week at The University of Sydney, in Camperdown, Australia February 15, 2023. 'BIG RUSH'The shortage has meanwhile jumpstarted one of the few subsets of Australian residential property, the student accommodation sector, that languished during COVID. Before 2020, Chinese students accounted for about 40% of the A$40 billion ($27 billion) Australia made educating foreigners annually. But China's reopening has raised the issue about the availability of beds in a "welcome sign" for investors, said Brad Williams, managing director of AMP Capital's diversified infrastructure trust, Australia's third-largest owner of purpose-built student accommodation. Tomas Johnsson, CEO of UniLodge Australia, the country's biggest operator of purpose-built student accommodation, said some developers were even paying more to speed up construction.
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