Australian universities are adapting to a dramatically different business model, but closed borders are exacerbating the financial arguments with Canberra.
Over the last decade, Australian governments have been keen to boast about the remarkable growth of a shiny new export – international education worth $40 billion in 2019.
Australian universities have been just as happy with the ever accelerating increase in revenue from international students, boosting budgets and cross-subsidising discretionary spending, including on research.
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Jennifer Hewett is the national affairs columnist. She writes a daily column on politics, business and the economy. Connect with Jennifer on Twitter. Email Jennifer at jennifer.hewett@afr.com
