International students adding 22.6- billion-pounds to the UK economy annually

Vastavam web: A new report today highlights that international students from countries like India add 22.6- billion-pounds to the UK economy annually, indicating an overall benefit to the country 10 times greater than costs.The Higher Education Policy Institute (HEPI) and Kaplan International Pathways released ‘The costs and benefits of international students by parliamentary constituency’ research in an attempt to push the government to introduce more welcoming policies for international students to stem falling numbers in recent years.The HEPI now hopes that its research would add further impetus to demands for international student numbers to be removed from the overall annual immigration figures set by the Theresa May led Conservative party government.

“Trying to persuade the Home Office that international students nearly always benefit the UK can feel like banging one’s head against a brick wall.Our work includes all the potential costs and conclusively proves these are small compared to the huge benefits,” said Nick Hillman, director of HEPI.Linda Cowan, managing director of Kaplan International Pathways, warned that the UK was showing signs of losing ground to countries like Australia in recruiting international students.

“The challenge now is to ensure the UK provides a compelling and attractive offer as the best place to study. To be successful, we need a bold commitment from government as it considers the Immigration Bill to show the UK welcomes international students more than ever. A key step would be to stop counting students as immigrants in net migration statistics,” she said.The latest data collated by London Economics for the report calculated the financial contribution of overseas students, such as spending on tuition and living expenses, and balanced that against costs, including the extra pressure on local services and non-repayment of loans.