Student Visa Approvals Expected to Decline by Nearly Half in 2024

Student Visa Approvals Expected to Decline by Nearly Half in 2024

Overview:

Topic: Canada’s Student Visa Approvals Projected to Drop by Almost Half in 2024

Story Summary:

Student visa approvals in Canada are expected to see a sharp decline, with projections indicating a nearly 50% drop for 2024. This development is alarming for the country’s educational institutions, which rely heavily on international students. The reduction in visa approvals may affect the diversity of Canadian universities and colleges, as well as their financial sustainability.

Key Points:

• Projected Decline: Immigration, Refugees and Citizenship Canada (IRCC) is anticipating a significant decrease in the number of student visa approvals this year. The decline is attributed to several factors, including a backlog of applications and stricter screening processes.
• Impact on Universities: Canadian universities and colleges are expressing concern over the drop, as international students contribute substantially to tuition revenue. In many cases, they pay higher fees than domestic students. A reduction in their numbers could lead to budgetary shortfalls for many institutions.
• Visa Backlog and Policy Changes: The backlog of visa applications and changes to Canada’s immigration policies are being cited as contributing factors to the decline. Longer processing times and heightened scrutiny have delayed the issuance of study permits.
• Long-Term Consequences: The projected decline may have long-term effects on Canada’s educational landscape, potentially reducing the global appeal of Canadian universities. The reduction in international students could also affect industries that rely on them, including housing, transportation, and hospitality.

Source: The Globe and Mail