Money News

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Plunging rupee triggers rise in scholarship requests

23 Jul at 12 PM

News Item Link: Plunging rupee triggers rise in scholarship requests

Educational organisations in India say the plummeting rupee has triggered a rise in applications for scholarships for overseas study courses. The American Alumni Association (AUA) says that despite the final date for scholarship applications for the coming academic year having passed, it is still receiving fresh ones every day. AUA...

Western Union adds tuition payment nations

18 Jul at 9 AM

News Item Link: Western Union adds tuition payment nations

Western Union announced this week that it had added two more international portals for students studying abroad to pay their tuition fees. The global finance company says it has reached agreement with banks in China and South Korea which will enable students to pay their overseas tuition fees in their countries’ own currencies. Chinese...

Rupee free fall hikes Indian study abroad costs

18 Jun at 9 AM

News Item Link: Rupee free fall hikes Indian study abroad costs

The fall in value of the Indian rupee has curtailed the aspirations of a significant number of the country’s students to study abroad. India’s Chamber of Commerce Association (ASSOCHAM) stated that the plummeting rupee means students have to pay between 15 and 20 per cent more to take courses abroad than they did one year ago....

Iran students abroad feel impact of sanctions

31 Jan at 2 PM

News Item Link: Iran students abroad feel impact of sanctions

Iranian students abroad are turning into an unexpected casualty of western sanctions against their homeland. Increased sanctions put in place just over a year ago have caused the Iranian rial to plummet to just 20 per cent of its value which has had a catastrophic effect on overseas students who rely on remittances from home. Western...

Fee reforms spur Hungarian student exodus

24 Jan at 9 AM

News Item Link: Fee reforms spur Hungarian student exodus

Fee reforms planned for universities in Hungary are pushing students into exploring the possibility of continuing their studies abroad. Last November, news of a government plan to slash state-funded university places by three quarters was leaked and triggered widespread student demonstrations. The backlash continued throughout December...

Scottish overseas students to get aid

10 Jan at 9 AM

News Item Link: Scottish overseas students to get aid

The Scottish government has announced that it will offer financial aid to students studying abroad from next year. Michael Russell, the national education secretary, said that under a pilot scheme for the academic year 2014-2015 there would be £750,000 available for students wishing to continue their educations at European Union...

Asians shunning study abroad in Australia due to strong currency

7 Dec at 9 AM

News Item Link: Asians shunning study abroad in Australia due to strong currency

Students from Asia are starting to shun studying abroad in Australia because the country’s strong currency has made it too expensive, according to a new study. This year’s HSBC Expat Explorer survey found that Asians are increasingly favouring Britain and the US for study abroad opportunities, despite their struggling economies. More...

More money helps Chinese to study abroad

29 Nov at 9 AM

News Item Link: More money helps Chinese to study abroad

A recent survey has revealed that having more money helps Chinese students go abroad when compared to their Indian counterparts. World Education Services (WES), a not-for-profit organisation, quizzed 1,600 potential overseas students from around the world between October last year and this March. Of the total, 239 were from China and 282...

Celebs come out in support of Erasmus

13 Nov at 9 AM

News Item Link: Celebs come out in support of Erasmus

Leading European celebrities have voiced their support for the endangered Erasmus student exchange programme. Luminaries from almost all of the EU states have signed a petition demanding that enough funds are allocated for the current academic year to satisfy commitments to students on the programme. In the quarter of a century since...

Rising UK university costs drive students abroad

30 Oct at 9 AM

News Item Link: Rising UK university costs drive students abroad

The soaring cost of studying for a degree in the UK has driven droves of students to universities in Europe and even farther afield. Financial analysts say that for the current academic year total average outlay for student tuition, accommodation and living costs will be £15,600. The increase in university tuition fees this autumn has...