The recovery in the Asian market was relatively faster than those of it western counterparts, and the restrictions on the university enrolments there actually encouraged students to seek for cross border options for higher education.
For instance, in the UK, the number of applications have jumped up by 23 percent on average. This limitation is itself capped up by the fact that the European Union and UK authorities have placed restriction on the number of intakes that each university must cater in a fiscal year.
However, this restriction applies to indigenous students only. This means that there’s a strong incentive for those who wish to build up their piggy by foreign intakes, especially those coming from South East Asian region. These students won’t just make the vaults of the EU universities healthier by supplementing it with extra monetary doses (that local students don’t offer), but would add up a much more diverse element to the existing cultures of the universities.
The recession has also put an impact on the mindset of the orthodox students have been reluctant to go abroad for higher education. They have now shown much more willingness to opt for foreign destinations, after having been convinced of the potential value of international experience in the labor market. The trend is likely to continue as the locals shall find it more inconvenient to find a place in the indigenous schools.
Even the US is no exception to this convention. Several of the leading American private universities have announced smaller graduate intakes and many state universities are also having to cut back on their undergraduate entry. Harvard is reducing the number of graduate placements in the arts and sciences, while the University of Chicago expects PhD recruitment to be down by as much as a third in the humanities.
However, the trend of enrolling to online universities has seen an exponential growth within the last half a decade. The reasons could be many, but experts believe that the primary reason may be because of the financial costs involved with it, including lower commotion costs, lesser tuition fees and easy access and mobility. The developing universities, including Phoenix, Algosy and WAC have reported an increase in the number of enrolments and graduates each year ever since 2008.
The uprising trend continues to dominate the segment, as the demand for global rankings and other international comparisons is bound to grow in the coming years.
