Tertiary education provider NextEd Group (ASX: NXD) has forewarned investors that the impending cap on international students to be introduced in 2025 will have an adverse impact on revenue, joining its peers that will face unintended consequences from the legislative change. The Federal Government is set to introduce caps on the number of new international
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Higher education operator EDU Holdings (ASX: EDU) is the first of many education companies listed on the ASX preparing for a decline in business as the Australian Government’s proposed cap on international students becomes closer to reality, expected to kick in from 2025 onwards. The legislation, part of the Labor Government’s plans to reduce net
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In Australia, enrolments in Higher Education have seen a 10% surge compared to 2019, driven by a surge in international students. In fact, about one in 40 Aussies is on a student or graduate visa. The demand is set to continue, putting the spotlight on online education marketplaces. AI-powered SaaS learning platform OpenLearning (ASX: OLL)
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Aussie EdTech company Janison Education Group (ASX: JAN) has clinched a major deal with the NSW Department of Education and Cambridge University Press & Assessment. The partnership aims to modernise the state’s selective education placement tests by leveraging Janison’s digital assessment platform. The agreement—which is the outcome of a competitive tender process—designates Janison to handle
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With the largest workforce of early childhood educators in the country, G8 Education (ASX: GEM) has long struggled to manage their wage bill while delivering maximum profit for shareholders. That looks to have changed in 2023 though, with the Company divesting unprofitable centres and streamlining their workforce, in lieu of occupancy growth. The Company announced
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Early education provider G8 Education (ASX: GEM) has signed a conditional agreement to sell 31 centres to TAK Operations, part of the private national childcare provider Genius Education Group. What’s more, G8 will pay $26.5 million to Genius, comprising transaction costs and adjustments, with the funds to be allocated across its 31 centres. The 31
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