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New Report Reveals 4.6 Million Students Studying Abroad in 2017

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International Higher Education on The Increase With 4.6 Million Students Studying Abroad Worldwide

According to the latest report by HSBC in The Value of Education, international higher education is going strong.

The report covers a study of over 8,000 parents in 15 countries, with 42% of parents revealing that they would consider sending their child to study abroad, an increase of 7 per cent, compared to 35% of parents in 2016.

Parents in Asian countries are among the most “outward looking” reveals the report, with four of the top five countries where parents are considering a university education abroad their child being India (62%, +15pp), Indonesia (61%, +1pp), China (59%, +15pp), and Hong Kong (52%, -2pp).

The report reveals similar figures to those indicated by OECD that highlights Asian students as accounting for 53% of all students studying abroad worldwide.

A total of 4.6 million higher education students are studying abroad in 2017, a significant increase from 2.1 million in 2001.

The USA attracted around 1,079,000 international higher education students, the UK around 501,000, China 443,000, Australia 328,000 and France 324,000.

Top Reasons to Study Abroad

According to the report the main benefits of a higher education abroad is for the child to gain international work experience (49%), develop foreign language skills (49%) and to be exposed to new experiences, ideas and cultures (48%).

Top Study Abroad Destinations

According to the report the worldwide top destinations to study abroad are the USA, Australia, UK and Canada.

The USA (47%) is the most favored destination by parents, ahead of Australia (40%), the UK (39%), Canada (25%) and Germany (23%). Parents who preferred the USA believe it is a good destination for job prospects for graduates (86%), while those choosing the UK perceive it as offering high quality universities and colleges (94%) and parents picking Canada think it offers a high quality of life for students (83%).

Rajika Bhandari, Head of Research, at the Institute of International Education, Inc. says “The fact that these five nations are the most preferred is not a happy accident; all take very deliberate steps to attract more international students. Germany, for example, aims to attract 350,000 international students by 2020. Canada, too, has implemented policies to make it easier for international students to join the skilled workforce, and has taken steps toward offering a path to citizenship for highly educated, skillbased immigrants that come through its university system.”

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University in Bulgaria Announces New Bitcoin Scholarship

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Varna University of Management, Bulgaria

The international business school, Varna University of Management (VUM), in Bulgaria has announced a bitcoin-based scholarship for ten applicants to its software engineering bachelor’s program.

Students who apply to the program and get awarded the scholarship will be able to receive 1,000 Euros in bitcoins.

Scholarships will be awarded depending on the student’s background, past achievements and country of residence.

Varna University of Management announced “We strongly believe that cryptocurrency is an inevitable technical development that will lead to significant innovation in all aspects of our lives.”

“Endorsing and integrating bitcoin is a rational choice for us. We are always interested in delivering disruptive technologies in our IT and business programmes and cryptocurrency is definitely one of them.”

The University is also working on “accepting Bitcoin as payment for tuition and accommodation fees” it said.

With the new bitcoin scholarship, Varna University of Management aims to attract some of the brightest students from around the world.

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Turkey, Top Choice for Students from Somalia Studying Abroad

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Turkey, Top Choice for Students from Somalia Studying Abroad

The public works, reconstruction and housing minister of Somalia has announced that Turkey is the number one study destination for young Somalis studying abroad.

“Even if they are offered the United States or the West, they don’t choose them,” Sadiq Abdullahi Abdi told Anadolu Agency.

The minister stated that the education quality, social structure, and cultural values is what attracts students from Somalia to study in Turkey.

Students from Somalia studying in Turkey are currently studying in “all fields: medicine, engineering, and agriculture,” and others, he added.

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The Higher Education Ministry in Malaysia Imposes Ban on New University Campuses

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Malaysia Imposes Ban on New University Campuses

The Higher Education Ministry in Malaysia has announced that it is imposing a “moratorium” on the opening of new University campuses.

Malaysia’s Higher Education Minister, Datuk Seri Idris Jusoh, told reporters “No more building or opening of new campus,” adding that “Only if you are the top 100 in the world, we (the ministry) are willing to consider. Or if you can convince the Cabinet,” he said

Idris says the moratorium is based on there being “enough universities and colleges in the country” with 400 private colleges and universities in the country.

Malaysia is a popular campus destination for foreign institutions, including Heriot-Watt University, the University of Nottingham, Raffles Univeristy and the Dutch Maritime Institute of Technology, who all have local partnerships or a local campus of their own in the country.

Despite the ban, Malaysia hopes to become the “regional hub of higher education” by attracting 200,000 foreign students by the year 2020.

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