International Students’ Termly Tuition Fees at Boarding Schools
Some of the most expensive colleges in the UK cost more than £12 380 in their termly tuition fees. Only counting the tuition alone for three terms in one year has already exceeded the average earning of £28 400 per one individual per annum in the UK, in addition to the boarding accommodation fees and other costs such as private tuitions and music camps.
Off-campus earnings, spending, and export earnings
Ever wonder why some landlords prefer renting out their property to international students? In order for the Home Office to issue a visa for them to land in the UK, they need to prove that they have sufficient money in their bank to cover their living and expenses as calculated proportionally to the duration of the visas.
The map below is a data published by UK Universities in 2019 to show how international students have supported different regions in the UK:
International students as part of UK’s GDP
An article named “The UK boarding school identity crisis” in Financial Times in October 2019, figures have been published to support that an average boarding place costs at least £35 000 a year.
According to the Independent School Council, £6.5 billion has been a direct contribution to the UK GDP in 2017, of which majority of them are from Hong Kong and mainland that take up 44% of all the British and non-British boarders amounted at 28 910. The infographic below will be helpful to evaluate the impact of international students:
International students as employers and employees in the UK
A survey co-conducted by the Higher Education Policy Institute and Kaplan International in mid-2019 has found that UK-based international students have continued over £3.2 billion to the UK economy in the last 10 years through income tax and national insurance payments. The sky-rocket figure has included those who have worked in the UK with Tier-2 General Work visa earning at least £20 800 annually and Tier-4 post-study visas. Some of them are start-up entrepreneurs with remarkable business ideas and they will be sponsored by the university they hve graduated from in the Tier-1 visa category.
If you are interested in learning more about working in the UK after your studies, please get in touch with our Education Consultant Dr. K. Li Foster at: email@example.com.