New Zealand plans to double its foreign international education market by 2034
New Zealand’s government unveiled a plan Monday that calls for loosening regulations on overseas students working part-time while they study in order to double the country’s market for international education to NZ$7.2 billion ($4.32 billion) by 2034.
In a statement, Education Minister Erica Stanford stated that the government aims to “supercharge that growth track,” as international student enrollment has been rising continuously since 2023.
She went on to say, “Education New Zealand will concentrate its marketing efforts in the near future on markets with the greatest growth potential.”
The current value of New Zealand’s foreign education market is NZ$3.6 billion. The government hopes to double that amount over the next ten years, with international student enrollments rising from 83,700 in 2024 to 105,000 in 2027 and 119,000 by 2034.
Due to the effect on home prices and the native students’ university experience, nations like Australia are looking to cut back on international enrollment.
According to New Zealand, in an effort to attract more international students, the country intends to expand the number of hours that qualified overseas students can work in New Zealand while they are enrolled in classes there, from 20 to 25.
