Top sources of international students in Australia

Education is huge in Australia, and globally, Australia is the third most popular education destination, with high student volumes coming from across the world.

Top sources of Australian education

1. China is the main source of international students in Australia

2. India

1. 

   3. Malaysia

2. 

   4. Hong Kong, China

3. 

   5. Singapore

Each of these countries have a unique banking system, which sometimes makes it challenging for Australian education agents and schools to communicate payment instructions effectively. Because of this, students get confused and make short payments due to the banks deducting fees from the amount paid - a major headache for agents and schools.

With the Australian dollar falling against the US dollar in recent days, it is natural to assume that the number of overseas enrolments will increase. Revenue will rise, but if not managed adequately, the accumulated short payments will add up to a substantial amount as well.

Is it worth the administrative and financial hassle to chase up the difference between amount quoted and amount received? Should agents and schools increase prices? Will this affect the organisation's standing amongst potential students? 

Does it have to be this way?

No, it doesn't.

Instead of dealing with the aftermath of short payments, why not address the source of the problem?

NexPay specialises in international student payments into Australia. We offer your students favourable exchange rates and processes payments so that agents and schools receive exact amounts. To make things even easier, we reconcile the payments so you have a clear daily report detailing your receipts from students.

Visit us at www.nexpay.com.au

Source: The Australian