The survey said that 91 per cent of students say that the availability of educational credit was critical to their ability to study abroad (Representational image)
The report, which analyzed the role of funding in international education and student outcomes, said that 79 percent of students came from the global south (emerging) countries.
Fintech firm mPower Financing, in its second Social Impact Report, said that at least 83 per cent of students report cost as the most significant barrier to studying abroad. The survey said that 91 percent of students say that the availability of educational credit has played a significant role in their ability to study abroad.
The report, which analyzed the role of funding in international education and student outcomes, stated that 79 percent of students came from the global south (emerging) countries. International students have a significant economic impact on their host country while they study. They make important contributions to postgraduates in economy and civil society in the US and Canada. While 18 percent of graduates have raised funds and advocated for leading causes, 10 percent have founded or co-founded a company or organization.
Read also| 57% Indian middle class aspires to study abroad: Survey
The Social Impact Report was prepared in partnership with Dr. Rajika Bhandari – an international higher education expert, former international student, and author of America Calling: A Foreign Student in a Country of Possibility. Deeply personal memoir tells of his journey India To the US as a student and immigrant, and urged countries to open their doors to international students.
The report calls for action for higher education institutions, policy makers and the private sector to improve access to global education. “Colleges and universities should consider a full suite of financial solutions for students, including the broader availability of scholarships, financial aid, and cross-border student loans. America to establish a clear path between higher education and skilled immigration There is an urgent need for immigration reform in the U.S. in order to maximize the economic impact that international students can have on different groups of disadvantaged students to increase educational access and prevent “brain waste” or loss of human capital. More focused scholarship and private philanthropic efforts are needed. Displaced and refugee college students are particularly vulnerable,” said MPOWER Financing.
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