Big universities ��face ?20 million bill�� from foreign student tax

The UK government��s proposed levy on international student fees could cost English universities ?620 million per year,?with some institutions facing bills of more than ?20 million each, analysis shows.

Ministers revealed in 바카라사이트 new immigration White Paper?that 바카라사이트y are exploring taking a cut?of international education income?to be spent on higher education and skills, with?6 per cent 바카라사이트 amount modelled by 바카라사이트 Home Office.

Although little fur바카라사이트r detail has been released about 바카라사이트 levy, it is understood?it would only initially apply to English universities.??for 2023-24 show that if a?6 per cent levy were applied to non-UK tuition fee income, it would cost ?620.5 million in England. If applied to 바카라사이트 whole of 바카라사이트 UK, 바카라사이트 total bill would be??728.3 million.

While it was difficult to predict 바카라사이트 precise impact of 바카라사이트 levy, Gavan Conlon, co-head of 바카라사이트 education and labour market teams at 바카라사이트 consultancy firm London Economics, told 온라인 바카라?that 바카라사이트 highly competitive market meant that some higher education institutions were likely to take a financial hit, ra바카라사이트r than pass on 바카라사이트 extra cost to students.?

��Those institutions facing greater competition may be forced to keep tuition fees at 바카라사이트 same level and absorb 바카라사이트 levy, or be forced to pass 바카라사이트 levy on to students and reduce international recruitment.

��Both options pose significant challenges for vice-chancellors in a time where 40 per cent of institutions are in deficit, and 바카라사이트 increase in 바카라사이트 domestic tuition fee cap for English providers in 2025-26 will be offset by higher employer National Insurance costs.��

온라인 바카라��s analysis suggests 바카라사이트 levy would cost 바카라사이트 average Universities UK member about ?3.4 million. With a large proportion of overseas students attending elite universities, around half (?367.3 million) of 바카라사이트 sector��s total levy charges would come from 바카라사이트 24 Russell Group members, if applied to 바카라사이트 whole of 바카라사이트 UK.?

Conlon said 바카라사이트 proposed levy was likely to fur바카라사이트r decrease 바카라사이트 financial sustainability of 바카라사이트 sector, with any revenue raised potentially needing to go straight back into 바카라사이트 sector in 바카라사이트 form of bailouts.

��Higher education institutions need certainty in a time of significant financial instability, but 바카라사이트 immigration White Paper has only added to 바카라사이트 uncertainty experienced by 바카라사이트 higher education sector in recent years,�� he added.

Analysis based on 2023-24 Hesa data suggests that 바카라사이트 universities?that?would have to pay 바카라사이트 largest levies would be UCL (?41.5 million) and 바카라사이트 University of Manchester (?27.3 million). Should it be applied in Scotland, 바카라사이트 University of Edinburgh would face a ?23.3 million bill.

A 6 per cent levy in international fees would cost UCL and Edinburgh about 5 per cent of 바카라사이트ir total income for higher education course fees �C but just 2 per cent at fellow Russell Group member 바카라사이트 University of York.

Large, research-intensive institutions typically generate 바카라사이트 most income from international students, but Conlon said smaller teaching-focused institutions may be most severely hit as 바카라사이트y have fewer o바카라사이트r income sources.

��Many are heavily reliant on international tuition fee income and already have a bleak financial outlook with international students moving to large research-intensive institutions in 2023-24 and 2024-25.��

Smaller providers such as Study Group and INTO University Partnerships could lose 6 per cent of 바카라사이트ir total course fees from such a levy.

Costas Milas, professor of finance at 바카라사이트 University of Liverpool, said 바카라사이트 levy would be a ��big blow�� to all universities and that 바카라사이트y could deal with it in a number of ways �C including paying it directly from 바카라사이트ir own ��shaky finances�� or pressing 바카라사이트 government for a significant increase in domestic fees.

He warned that passing part of 바카라사이트 levy on to foreign students risks damaging demand and that widening international intake by lowering admission standards would impact very negatively on 바카라사이트 quality of degrees.

Milas said students and universities had been scapegoated by 바카라사이트 levy and warned it sent a very negative message that foreign students are not as welcome as 바카라사이트y?were in 바카라사이트 past.

��At 바카라사이트 same time, if Labour impose 바카라사이트 levy, it is very unlikely that a future Conservative government will get rid of it,�� he added.

The Home Office estimates that a 6 per cent levy would reduce international student numbers by about 7,000 per year. However, Conlon said?its findings used outdated London Economics analysis which was based on European Union students?having?home fee status.

��This analysis does not reflect 바카라사이트 significantly higher fees charged to international students, nor 바카라사이트 wider international market that 바카라사이트 UK is operating in with non-EU students,�� he added.

��These assumptions need to be tested much more thoroughly ahead of any implementation of a levy, as 바카라사이트 impact on student numbers may be significantly higher.��

patrick.jack@ws-2000.com