This was one of the key takeaways from our recent report: Passport to Higher Education: A Study in Global Payments, an independent study commissioned by Flywire that surveyed more than 1,000 college and university students in five countries around the world, to better understand what a post-pandemic global education market looks like. While responses from the United States, China, Canada, United Kingdom and Australia differed slightly on several questions, overall student results signaled an eagerness to pack up and study in a new place. place.
Students study and want to study abroad
Our report found that 63% of students surveyed planned to incorporate study abroad into their higher education experience. This figure was divided into two camps: 30% of people who were currently studying abroad and 33% of people who planned to do so in the future.
“High percentages from key regions around the world signal overall industry strength”
China was by far the leader in demand for global education experiences. As many as 76% of students surveyed said studying abroad was or would be part of their higher education experience, and almost half – 47% – were already doing so, despite the ongoing pandemic.
The United Kingdom and the United States lag slightly behind China with 65% and 64% of students integrating global education into their curriculum, respectively. Australian and Canadian students follow with 54% each. These high percentages from key regions around the world speak to the overall strength of the industry.
An educational experience like no other
Two things stood out when we asked people why they wanted to study abroad: their cultural experiences and their academic reputation. Some 47% of students said a new cultural experience was one of their main reasons for moving to another country, and 43% said they thought it would have a positive impact on their studies or how their upbringing was perceived. Other reasons cited by undergraduates include on-campus experience (38%), value for money (38%) and location (29%).
Chinese students, who have by far the highest demand for global education, overwhelmingly cited cultural experiences and academic reputation as a reason for travelling, at 66% each.
In-person learning is here to stay
Despite a pandemic-induced jump in distance and online learning, all indications point to face-to-face learning resuming its prominence in higher education. When asked which learning style gave them the most fulfillment, 51% of students said being in person was the most fulfilling. Another 33% said a hybrid model was the most satisfying, and only 16% said they preferred online learning. Students shared roughly the same preference for in-person learning in every country, at 50%, with the exception of China, where students favored it at 63%.
Overall, students remain optimistic and enthusiastic about international education. It offers an experience like no other, and students are ready to return to planes and classrooms in parts of the world they have never seen before.
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About the Author:
This is a sponsored post by Sharon Butler, Executive Vice President of Global Education at Flywire. Sharon brings over 20 years of sales and customer success experience and currently leads the global sales and account management teams in 10 offices around the world for Flywire’s education vertical. Sharon was a pioneer in the field of education payment and helped evangelize globally the importance of the student payment experience and education-based payment choice. As Flywire’s first employee, she not only built and expanded the sales and success teams of Flywire Education customers around the world, but also championed educational cross-border payments to lead Flywire to a presence representing more than 2,000 educational customers in 240 countries and territories.