Education Provider "REFUND LAW" introduced - What does this mean to you?
Summary
TLDRIn this video, Kang, an online visa consultant, discusses recent updates to Australia's education sector and its potential impact on international students. A new law mandates refunds for unspent tuition fees if education providers or students default, which signals the financial instability of many private institutions. Kang highlights the rising costs of student visas, caps on international student enrollments, and the closure of 'ghost colleges.' He warns international students to avoid enrolling in vocational courses (VET) as many providers are expected to go bankrupt, potentially leaving students without refunds.
Takeaways
- 📚 The video provides updates on the education and immigration sectors, specifically concerning visa applications and legislation changes.
- 🤖 The host mentions that new legislation could signal the collapse of many private educational institutions in Australia.
- 💰 A significant increase in visa fees for international students has been observed, now reaching $1,600, compared to $700 previously.
- 📉 The potential default of many education providers, particularly those offering vocational courses (VET), is expected due to financial instability.
- ⚖️ The new law outlines refund procedures for students when an education provider defaults or shuts down.
- 💸 If a student defaults by not attending their course, refunds will still be calculated based on unspent tuition fees, which the host finds unfair.
- 📊 The legislation introduces a method to calculate refunds in cases of both provider and student defaults, with clear definitions for 'unspent' fees.
- 🏫 The host advises against enrolling in vocational education courses during this period due to the financial instability of many providers.
- 👻 The video highlights the existence of 'ghost colleges,' institutions that have been operating but may now face closure under new regulations.
- ⏳ The host believes that the legal and financial processes involved in getting refunds from defaulted institutions will be slow and complex, with no guarantee of reimbursement.
Q & A
What is the main topic of the video?
-The main topic of the video is the impact of recent legislative changes on Australia's international education sector, particularly private institutions, and the potential collapse of many education providers due to increased visa fees and other regulations.
Who is the speaker in the video?
-The speaker is Kang, an online YouTube visa consultant, providing insights into immigration and education laws affecting international students in Australia.
What recent law is being discussed in the video?
-The video discusses a recent law called the 'Education Service and Overseas Student Calculation of Refund Instrument 2024,' which outlines the procedures for calculating refunds for unspent tuition fees in case of provider or student defaults.
What is the concern about private education institutions in Australia?
-The concern is that many private education institutions, especially those providing vocational education and training (VET) courses, may go bankrupt due to rising costs, including increased student visa fees and caps on international students.
How have student visa fees changed recently?
-Student visa fees have increased significantly from around $700 to $1,600, which is discouraging international students, particularly those interested in English language courses.
What is a 'ghost college' mentioned in the video?
-A 'ghost college' refers to education institutions that exist mainly to exploit student visa opportunities without delivering quality education, many of which have been targeted and closed down by recent regulations.
What does the refund calculation law say about provider defaults?
-The law mandates that if an education provider fails to deliver a course, the institution must calculate and refund unspent tuition fees to students, even if the provider goes bankrupt.
What is the speaker's concern about the refund process?
-The speaker is concerned that if a provider goes bankrupt, calculating refunds may be futile because the institution might not have any funds left to reimburse students, leading to lengthy legal processes with little chance of recovering the money.
What advice does the speaker offer to prospective international students?
-The speaker advises prospective international students to avoid applying for vocational education and training (VET) courses during this period of uncertainty, as many providers may go bankrupt, making it difficult to get refunds.
What factors are contributing to the challenges facing Australia's international education sector?
-Several factors are contributing to the challenges, including the increased visa fees, the introduction of caps on international students, changes in risk levels for institutions, and the new 'genuine student' test requirements.
Outlines
🎓 Education Sector Concerns: Ghost Colleges and Student Visa Costs
The video begins with the host, Kang, discussing issues within the Australian education sector, focusing on a legislative update that impacts both educational institutions and international students. He highlights concerns about 'ghost colleges,' fraudulent institutions targeting international students, and the rising cost of student visas. The video emphasizes that many private institutions, particularly those offering vocational education and training (VET) courses, are at risk of collapse due to these changes, creating uncertainty for future students.
📉 Financial Impact: Refunds and Institutional Defaults
Kang delves into the specifics of the legislation, explaining the calculation of refunds for unspent tuition fees if an institution fails to fulfill its obligations. The legislation is designed to protect students by ensuring they receive refunds if schools default. However, Kang points out the absurdity of some situations where students might not fulfill their obligations and still expect refunds. He also highlights the potential risk of private institutions going bankrupt, making it unlikely for students to recover their money, even if the law mandates refunds.
⚠️ Warning for Future Students: Avoid VET Courses
In the final part of the video, Kang offers a stark warning to potential international students, advising them to avoid enrolling in VET courses. He explains that with so many private institutions at risk of going bankrupt, students face a high likelihood of losing their tuition fees. Kang concludes by encouraging viewers to share their thoughts and highlights the uncertain future of Australia's private education sector due to the changing laws and economic pressures.
Mindmap
Keywords
💡Visa Consultant
💡Private Institutions
💡VET Courses
💡Genuine Student Test
💡Provider Default
💡Student Visa Fees
💡Refund Calculation
💡Ghost Colleges
💡External Administration
💡Cap on International Students
Highlights
Introduction to the speaker, Kang, who is an online YouTube visa consultant.
Discussion about recent legislation related to education, especially affecting international students and private education providers.
New direction (Directive 107) impacts genuine student tests and risk levels of educational institutions, changing the landscape for international students.
Capping the number of international students leads to chaos, especially affecting private institutions.
Visa fees for student visas have drastically increased from $700 to $1600, making it more expensive for international students.
Concerns about the potential collapse of many private education institutions due to rising costs and other regulatory pressures.
Education Service and Overseas Student Refund Instrument 2024 outlines the process for calculating refunds for unspent tuition fees.
Clarification that education providers must refund students if they fail to deliver the promised services or courses.
If an education provider goes bankrupt or shuts down, it is still legally obligated to calculate how much refund is owed, though it may not be able to pay.
The speaker raises concerns about the practicality of refunds if an institution has gone bust and has no funds left.
Students who default by not attending courses may still be eligible for refunds, although this seems illogical to the speaker.
Visa refusal cases will follow specific refund calculation methods as outlined in the updated legislation.
The speaker predicts that many more private institutions, especially those offering vocational education (VET courses), will go bankrupt.
The advice to international students: avoid applying for vocational education courses during this period due to the risk of provider collapse.
Final call for audience feedback and comments on the potential collapse of private education providers, along with a reminder to subscribe to the channel for future updates.
Transcripts
welcome to channel give insight to the
US Visa
[Music]
system good day everyone my name is Kang
your online YouTube Visa consultant are
you interested in IM migrate to
Australia why don't you consider to
subscribe to my channel and turn on the
Bell on the side so once of all the
updates and news you'll be the first one
getting all the
side all right let's have a uh
legislation a law update uh it's not
directly with regards to the immigration
law uh but to the education sector uh
now it's a I didn't I didn't thought
about too much about this uh piece of
legislation but uh I after reading it I
thought well it's a signed it's a sign
that shows the potential default of
Education in institutions are coming up
so as you have clicked into the uh
thumbnail you may well the thumbnail
means something to you already as I said
uh uh with all the ghost colleges
hunting for the past 12 month plus uh it
actually you know we've seen how they um
uh the the new uh the the priority uh
the uh direct directive uh uh
107 uh Direction number 107 and the
genuine student tests and they are
changing the risk level of different
institutions now they put on cap on
International students obviously that
will cause chaos now apart from the
public university that we have known
that there are 44 45 of them uh there
are 4,000 about 4,000 private ins 3,900
something uh private institution that
delivers well they supposedly delivering
uh so called the vet courses that's all
the uh traits courses like cookery uh uh
mechanics and all the kind of stuff and
plus Al also the Ed Course the English
language providers now they all suffers
why because also they also jacked up the
student visa costs from uh used to be
about 700 bucks that was a lot cuz I I
still record 10 years ago what it was
only
$300 uh now it's $1,600
now no one's going to come and study
English and pay the uh Visa fees for
$1600 right anyway that will contribute
to the potential collapse and uh
bankrupt or shutting down of a lot of
private institutions so it's a sign
because we are actually seeing this on
the first of October now well this is
the briefing but the detail of the law
is pretty dry and boring I don't want to
go to the actual uh see that piece of
legislation it was actually dated back
last week but uh it's currently enforced
it's the first day of October it says
Education Service and overseas student
calculation of refund now when do you
require the refund obviously is either
the goods or services is not uh doesn't
deliver then obviously you need you you
want to get refund so they put it in the
law to enforce uh a
potential uh you know whatever things
happened so obviously refund from who so
payer must be students right the
customers and refund the refunder must
be the education institutions when are
they required by law to refund that's
basically what this law is all about but
what does it tell us that means a lot of
shit's going to happen happen so
the education Provider by law well if
they don't refund obviously that's
against the law and they will be
penalized so this will contribute a more
of I don't know I don't want to say this
but it's it's a killing spree uh for the
International Education sector
especially for the private education
sector uh where um all those vet courses
providers it's just
not the good thing but again I'm here to
provide this information for you to
actually digest and have know what's
actually happening so let's go into the
briefing rather than go into the boring
law by itself so the briefing actually
says this let's have let me have a
reader it says Education Service of
overseas students calculation refund
instrument 2024 outline procedure
calculation refund of unspent unspent
now how do you define unspent so they
the actual law does have those
calculations so if we scroll down it uh
it says uh weekly what is a weekly and
how do you C see that fun see that
function okay so that's how they
calculate whatever the fee that should
be so they actually Define how you
calculate a fee and how you how they
Define unspent tuition fees under this
piece of legislation uh this instrument
provide a Clarity of refund process in
case of Education provider all student
do not fulfill their obligation
obviously obviously student now how
would student not fulfill their
obligation well they pay and they did
not go well that's their problem isn't
it uh so I'm not too sure if you pay an
in tuition fee and if you don't go can
you get a refund that's just awkward I
mean that's waste of resources isn't it
but anyhow they have actually but I
think I think the true intention of this
instrument is actually telling us that
there's it's going to be numbers of
private institution they're going to go
under right all right okay so let's have
a look at the key detail here the
provider default well here we go
provider means the education providers
that's the schools if the education
provider fails commands complete of
course the instrument set out how to
calculate refund based on the unspent
portion of the tution fees now I'm going
to talk about this now if they go under
that means they don't have money anymore
and they already shut down how are they
going to how are they going to well I
think what they what they're doing doing
here by law even if they collapse okay
they they went busted okay uh by law
they are still required to calculate how
much they still owe to the customers
however I don't think the customer or
the student will actually get the money
back if they go default right anyway and
student go default now that's strange
that means student doesn't even go to
school uh in instance where student go
default destroy without um
comp complant return agreement that
means they just go away they just went
off the refunds calculate according to
the prescribed method that's awkward I
mean how can you do that I mean you
committed to come to school and you're
the one didn't come to school and the
school still need to refund that just
doesn't make any sense now Visa refus
obviously that means they didn't get a
Visa the guance specified a method of
calculate refund of student visa
application is refused uh so the update
instrument replaced 2014 version so
there was something back then I think
they just make it more uh will clarify
some of the ambiguity there uh back in
the 2014's version uring refund
calculation are fair well who knows I
mean how can this be fair now first of
all let me have a little little talk
now again if the provider goes in
default that means they're bustard okay
um that means they don't have money
anymore now how are you going to track
them down uh and they could just declare
and you know under ad me external
Administration or bankruptcy and things
like that uh and even if you you know go
through the
procedures uh and calculate probably
going to going back to the creditors
that means the investors or owner of the
business to actually get a money but
that is going to be a
lengthy uh C
uh procedures you know
jurisdictional you know civil procedure
not jurisdiction civil procedures that's
going to take a while okay and until the
end probably you still get nothing back
because in fact the the the the provider
went default that means they they're
busted they gone you know they're shut
down they don't have anything anymore
how do you get the money back so why on
Earth do we need to still calculate all
these things I don't know and the other
thing is student gos default that
doesn't make any sense sense if you pay
the money you want to come to course and
you just did not come without any
written agreement that's what it says uh
and the school still requireed to refund
the student yeah that's not fair isn't
it I I don't know I don't know how this
actually will work but from what it says
it just doesn't make any sense anyhow I
think the main thing that we should get
here is that uh due to all the changes
of law impact International Education
sector uh the risk level of countries
providers genu student test direct
duration number
107 uh cap on international student
increase of student visa fees now what
that all contribute and what we have
seen today is that they will
be oh I don't know there has been 150
so-called ghost colleges have been
called but I think and I suspect there
going to be hundreds and hundreds more
these private institution will actually
go under that means default that means
bankrupt that means external ad me that
means no money to give out so again the
message you here is during this period
of time it's going to go for a while uh
just don't apply any vet causes cuz
you're getting the trouble you know you
don't want to deal with a potential
provider that goes Buster that goes into
default and asking for re I don't think
you get a refund back anyhow anyway what
are your thought why don't you leave
your comment right down below and I see
you next video goodbye
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