Govt seeks $5 billion from education
Proposed changes to international education could see its value to New Zealand rise to $5 billion.
According to a just-released leadership statement, the increase would happen over the next 15 years as a result of alterations made within the sector.
The leadership statement will be refined and developed over the next 12 months.
Tertiary Education Minister Steven Joyce says the first version of the leadership statement has set “bold aspirations” for desired growth.
The leadership statement includes targets to:
- develop and sustain education relationships with key partner countries in Asia, the Pacific, the Middle East, Europe and the Americas
- increase annual revenues from offshore education providers to at least $0.5 billion
- increase the number of international students enrolled in offshore New Zealand providers from 3,000 to 10,000
- double the number of international postgraduate students from 10,000 to 20,000
- increase the transition rate from study to residence for international university students
- increase New Zealanders’ skills and knowledge to operate effectively across cultures.
According to Mr Joyce, the development of the leadership statement, coupled with the establishment of Education New Zealand – the new Crown Agency set up to oversee and grow the international education sector – will provide a sharper focus and give the sector a real boost.
A PDF of the leadership statement is available from the Ministry of Education website here.