Nigerian students abroad are struggling to afford their tuition fees after the sudden devaluation of the naira. Those hoping to start courses overseas this autumn have also been affected as the money they have saved for deposits and to prove funds for visa purposes has almost halved in value.
Education agents in Turkey are expecting students to opt for affordable study destinations after a huge drop in the value of the Turkish lira, but there is hope that schools will drop prices, and Turkish education will be more attractive.
International educators have welcomed a sharp fall in the value of the Australian dollar, which is likely to remain low for the rest of the year, significantly cutting the cost of studying in the country. The dollar has dropped almost 12% since May, reaching its lowest point since 2010 – around US$0.90 – and could fall to US$0.85 next year.
Less than half of language schools worldwide said their enrolments grew in the second quarter of 2012 compared with last year, according to the latest language travel survey from the Association of Language Travel Organisations (ALTO). Inversely, business was up for agents with 45% reporting growth over 41%.