ACPET

Representing quality private education
providers in Australia

International Update

Monday, May 21 2018

Federal Government now provides loans to enable CRICOS providers to expand

The federal government has extended the role of *EFIC to include education providers
*(Federal government agency that provides finance support to export companies where their bank cannot help)

In terms of international education this means EFIC can provide finance (at higher than bank interest rates) to eligible education providers:

1. looking to expand offshore to grow their international business if their bank is unable to provide support;
2. to enable them to have the working capital to grow their international education business (e.g. marketing expenses, website upgrades etc.) This refers to courses of no more than 1 year, although I understand this is flexible;
3. who have won overseas contracts and need finance to fulfil their contracts.

As a threshold requirement, the companies need to have at least two years trading history and a turnover of at least $250k in the last financial year. The purpose of the financing for providers is to grow their international education business.

To obtain more information about EFIC please contact: Leela Hanson E: lhanson@efic.gov.au
Ph: 02 8273 5225 M: 0408 974 215


Release of Agent Performance Data

The Department of Education and Training will give all CRICOS registered education providers access
to reports about the education agents they engage to recruit overseas students.
This will help providers better understand the enrolment and visa outcomes of education agents
they work with. Eventually it is hoped that all providers will have access to data regarding all agents to help inform contracting decisions.
Provider CoE administrator users can request access from their “Change my Details” page in
PRISMS to access reports.
Please refer to the International Education Agents - Frequently Asked Questions (FAQ)s for more information about the agent performance data reports.


Latin America Sector Survey

The Council for International Education Working Group on engagement with Latin America seeks to develop a more strategic and coordinated approach to building education, research and training cooperation with Latin America.  There is an opportunity to expand Australia's education and training offerings and position Australia as a partner of choice.

The Working Group has developed an online survey to gather the views of the education sector on barriers to further engagement and opportunities for further collaboration in Latin America. This survey will provide valuable information on current sectoral engagement with the region and inform recommendations to the Council for International Education about how education providers, industry and government can work more effectively together to improve the sector's access to the region.
The survey is available from 14 May 2018 until 1 June 2018.
Please click here to access the online survey: https://www.surveymonkey.com/r/latinamericaeducation


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