In an era of tight academic budgets, many U.S. colleges and universities are breathing a sigh of relief as a record number of foreign students apply to study here. It’s quite a windfall for the schools, as these students rarely get any scholarships or financial aid. #-ad_banner-#But it’s worth it. With the exception of elite universities in other countries, the domestic academic opportunities simply can’t compare to the quality of a U.S. education. Nowhere is the situation of greater concern than China, which spends just 3% of GDP on education, compared to 5% in the United States and Western Europe. Read More
In an era of tight academic budgets, many U.S. colleges and universities are breathing a sigh of relief as a record number of foreign students apply to study here. It’s quite a windfall for the schools, as these students rarely get any scholarships or financial aid. #-ad_banner-#But it’s worth it. With the exception of elite universities in other countries, the domestic academic opportunities simply can’t compare to the quality of a U.S. education. Nowhere is the situation of greater concern than China, which spends just 3% of GDP on education, compared to 5% in the United States and Western Europe. The lack of resources creates extra pressure on the roughly 10 million students that take China’s high school entrance exam (Zhong Kao) or the country’s national higher education exam (Gao Kao) every year. That’s where the private sector comes in — and where investors can profit — from this education gap. Here’s a closer look. You can look at investable opportunities in this sector as four distinct sub-groups: — K-12 preparation for parents that want their kids to land in an elite college, which accounts for two-thirds of the total non-governmental spending on education; — Distance learning, also known… Read More