US PRESS RELEASE: Emerging Futures 6, Voice of the International Student

International students consider more destinations as policy changes and cost of living pressures intensify, new research reveals.

This week, IDP Education released its latest Emerging Futures research report, showing a rise in international students considering alternative destinations as their first choice, with the US seeing significant year-on-year growth.

Given policy uncertainty in many popular study destinations, the report also examined why students are choosing not to pursue their study goals this year.

Encouragingly, of those students who are putting their plans on hold, almost half (47 percent) would reconsider their global study plans in the next two years, demonstrating that their desire to study globally remains, even if their plans need to adjust to achieve it.

IDP’s sixth edition of Emerging Futures, which collates the views of over 6,000 prospective, applied, and current international students, revealed students would change their preferred destination if they could apply for a post-study visa (62 percent), needed less savings to be eligible for a student visa (58 percent), or could access cheaper visa fees (57 percent).

Simon Emmett, IDP Connect Chief Executive Officer, said these results are indicative of the impact policy changes are having on prospective international students who are reconsidering their options in pursuit of their global study goals.

“In an environment of unstable policy settings, we are seeing 70 percent of students whose top preference is the USA consider more than one destination, indicating they are widening their options as they strive for certainty,” said Emmett.

“The long-term drivers in international education remain strong, but we can see the impact policy changes are having on Australia, Canada and the UK who are now behind the US for perceptions of quality, value for money and graduate employment opportunities. “Now is the time for governments in major destinations to provide clarity, a path forward and a more stable policy environment in order to entice students back. Failure to do so could give alternative markets an advantage.”

For the first time, Emerging Futures has included data on students who have decided not to pursue their studies. Canada recorded the highest rate of 'decliners,' who originally intended to study there, followed by Australia. When asked about their reasons for discontinuing their international education, nearly half (49 percent) cited the high cost of tuition, while 35 percent pointed to the rising cost of living as a significant factor.

Tennealle O’Shannessy, IDP Education Chief Executive Officer and Managing Director, said IDP will continue to lead the sector with transparency, ensuring international students receive authentic, trusted advice during this period of instability. “Current challenges are creating hurdles, but they have not extinguished the spark our students possess to transform their lives through international education,” said O’Shannessy. “As international policy continues to shift, and cost of living pressures remain prevalent, maintaining a close connection with students is critical. Together with our trusted counsellors in more than 30 countries and through our leading research, we will continue our work to protect and improve the international student experience and ensure their voices are heard.”

To explore latest edition of IDP’s Emerging Futures research in more depth, download the Infographic Report.

About IDP Education

IDP is a global leader in international student placement and a proud co-owner of the world’s most popular high-stakes English language test (IELTS).

IDP is listed on the Australian securities exchange (ASX:IEL) and has 6,500 employees across more than 60 countries. Our websites attract 100 million visits a year.

We specialize in combining human expertise with digital technology to help people get accepted into their ideal program, take an English language test or learn English in their schools. Our teams work side-by-side with our customers, at every step from initial research through to starting their dream program or career.

We partner with more than 800 quality institutions across Australia, Canada, Ireland, New Zealand, the United Kingdom and the United States. Our data insights are relied upon by organizations around the world to help ensure policies are informed by the diverse needs, challenges and motivations of students.

Most of all, we are proud of our people, who are trusted by our customers to help them realize their global study or career goals.

Media contacts:

Annie Collison – Porter Novelli

acollison@porternovelli.com.au

+61 406 080 356