The Universities of the UK have been facing a financial crisis
Youth mobility Visa UK 2024 News: The Universities of the UK have been facing a financial crisis as figures from the home office show a rising number of foreign students applying for courses starting in the next academic year.
Applications for sponsored study visas have fallen by 28%, suggesting the visa restrictions applied by the previous government continue to hamper recruitment. The Home Office received 28,200 applications last month, compared with 38,900 in June 2023.
Most student visa applications are received over the summer, leaving many universities hoping that things will improve by September. But more recent data shown to the Guardian suggests the sector will continue to struggle.
A service used by international students for managing university enrolments said data from 31 UK universities showed failures of 41% in deposits and acceptances by international students up to the end of July.
Compared with 2023, there was a down of postgraduation masters courses, down of 55%, according to Enroly, while undergraduate numbers were down by 23%.
If we talk about the courses in 2021- 22 more than 240000 students were starting taught postgraduate courses and 104000 undergraduates. On the other hand, the number of international students enrolled on the UK campus was about 150,000.
With many universities reliant on the income from international tuition fees, and tuition fees for UK students remaining frozen in England, experts warned the combination spelled trouble for the sector.
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