“Parents in China are expecting to contribute on average £72,738 towards their child’s higher education abroad”
Thinking of international education and the boom in mobile students in the near past, we often think of the students as the drivers of change. And of course they are at the centre of the business – it wouldn’t exist without them – but there is another group that also deserves our attention, writes Trista Sun, global head of international and cross border at HSBC. Parents of mobile students, especially Chinese parents, are key to the international education economy.
Despite many concerns about the international political environment, globalisation of education showed no sign of stalling in 2017, creating vast opportunities for universities around the world. The UK in particular saw strong benefits from this, with international students bringing an estimated £22.6bn to our economy, as revealed by new figures from HEPI. We owe a great deal of this income to ambitious parents in China who are going to great lengths to make their child’s plans for university abroad a reality.