Financial black hole for Adelaide’s universities

As a resume writer and employment expert, I know the ban on international students is crippling Adelaide’s economy. The three public universities provide around 7000 jobs and by extension, provide another 15,000 jobs in real estate and hospitality.

South Australian universities may lose up to $3 billion by 2023 as the impact of Covid-19 ravages international student numbers.

This is the greatest financial crisis the City of Adelaide and the state has faced since the Depression of the 1930s.

Significant job losses are expected at the University of Adelaide, UniSA and Flinders University.

The loss of revenue, especially for the University of Adelaide, will see research and teaching slashed by up to 40 per cent.

The Federal government said it will extend assistance to the tourism, arts, entertainment, and construction industries but as yet, no monies have been set aside for the university sector.

International student enrolments have crashed with more bad news when the Chinese government warned nationals not to travel to Australia.

International education is the state’s largest service export earner and the second largest export after wine.

According to ABS, international students spent $1,468 million on education fees and other goods and services in South Australia in 2016-17, most especially in Adelaide city.

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Malcolm builds expert resumes, cover letters and LinkedIn profiles, which unleash an unbeatable business case to promote you as a ‘must have’ asset to an employer.