Rising Costs Prompt Students to Explore New Study Abroad Options

Rising tuition fees and increased proof-of-funds requirements in traditional study destinations such as Canada, the United States, the United Kingdom, and Australia are driving international students to reconsider their options. A new report, titled the “2026 Trends Report: Building and Rebuilding Global Education,” published by ApplyBoard, a technology platform focused on international student mobility, reveals a shift in priorities among prospective students.

The report indicates that affordability, employability, and policy stability have taken precedence over the allure of prestige associated with established education systems. The analysis states, “Financial pressures and affordability are taking centre stage. Rising tuition fees and higher proof-of-funds requirements in traditional Big Four destinations are forcing students to rethink their options.”

As a result, countries like Germany and Ireland are gaining popularity due to their relatively lower tuition fees and flexible post-study work options. Furthermore, France and Spain are experiencing record enrolments, bolstered by national housing initiatives and simplified student visa processes.

Impact of Policy Changes on Student Mobility

The report highlights ongoing policy tightening that continues to disrupt the traditional flow of international students toward English-speaking countries. In Canada, new study permit issuances are projected to decline by 54 percent year-over-year in 2025, while post-graduation work permit issuances could drop by 30 percent. Meanwhile, Australia and the UK are maintaining stable enrolment volumes but are facing tempered demand amid stricter compliance standards and rising living costs.

Despite these challenges, global demand for international education remains strong. According to the report, economic uncertainties are prompting students and families, particularly in India, to closely evaluate their return on investment when considering study abroad options. “The decision to study abroad is now, more than ever, a financial calculation,” said Meti Basiri, co-founder and CEO of ApplyBoard. He noted that international students are increasingly focused on tangible outcomes, such as affordable education and post-study work opportunities.

Diverse Pathways for Future Students

The report also emphasizes that non-Anglophone countries are refining their policies to attract a record number of international students. Germany has surpassed 400,000 international students for the winter 2024-25 semester, aided by strong study-to-work transitions and dual citizenship reforms. France has set an ambitious target of hosting 30,000 students from India by 2030, with clear employment pathways and centralized housing support.

Countries like South Korea and the United Arab Emirates are rapidly expanding their international student enrolments through extended work rights and streamlined immigration processes. The report projects that global student mobility will continue to grow, potentially reaching 10 million international students by 2030, but through more diversified and economically driven pathways.

In conclusion, the landscape of international education is evolving. Students are now more strategic and discerning about their choices, prioritizing affordability and long-term outcomes over traditional prestige. The insights provided in the “2026 Trends Report” equip students with the information needed to navigate this changing environment and make informed decisions for their future.