Campuses may lose $2bn in fees

Original article by Tim Dodd, Heidi Han
The Australian – Page: 7 : 7-Feb-20

The federal government’s travel ban has prevented nearly 100,000 Chinese university students from arriving in Australia for the start of the academic year. S&P Global says the universities’ operating margins will be hit if the travel restrictions are not lifted in the next few weeks. The firm estimates that the travel ban could cost universities up to $2bn in fees, and notes that the broader economy will also be impacted. Some universities will offer online courses for the first several weeks of the semester.

CORPORATES
S&P GLOBAL INCORPORATED

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