The US, UK Colleges Brace for Financial Cuts, Post-Brexit & Trump: A Nightmare for Foreign Exchange Students
United Kingdom’s planned withdrawal from the European Union is commonly known by the term Brexit. The U.K. government started the withdrawal process on 29th March 2017 and set a date for the UK to leave by 2019. This decision has led to many consequences on an international level regarding multiple fields such as agriculture, trade and studies. The most hugely impacted area is Education as most UK and USA colleges are facing challenges in foreign exchange programs and financial sector.
As the educational system in UK and all over Europe looking forward at shrinking collaborations and weak funding in the world after implication of Brexit, the Western world is also facing a similar pattern regarding conservative educational policies and politics as a reaction to the decision of UK. During the Presidential polls campaign in the US, Donald Trump has been calling himself as “Mr Brexit” and always predicted a much bigger Brexit style for the US after the results of US elections.
In the House of Commons, Mr Robert Halfon released a statement saying that the government would have lost approx. £140 million by supporting the colleges facing an extreme financial crisis. He also added that this money should have been used on educational and training priorities. So, the government plans to hike regulations on the overseas students who are applying for higher studies in the UK can make nation’s economy stronger by approx. £2 billion every year by Brexit. This has been found out by a study of international students in the UK after implication of Brexit, ruled out by some famous international news companies. This type of findings poses an uncertain future for the education as the government is looking forward to implying policies regarding cutting down on net migration and policies in a Post-Brexit world are not very clear about it, which makes it even worse.
In a recently held survey, Brexit has been termed as “the biggest disaster in the higher educational sector in many years”, and it was agreed that the UK’s reputation as the biggest hub for quality research and higher education could be destroyed by the implication of Brexit. Some of the facts presented in support of same are:
- European Union student’s applications for higher studies Cambridge University are already dropped by 15 % post-Brexit.
- Oxford University has set up an observatory to find and collect data on the impact of the UK leaving the European Union and showed signs of being serious on the consequences of Brexit.
- According to Engineering Professors’ Council president, Stephanie Haywood, UK will be in urgent need to employ thousands of engineers from the European Union to Equal the gap made by approx. 50,000 graduate staff in the industry.
United States
In the US, Donald Trump’s presidency showed the signs that he might bring extreme changes in the current educational system and has shown doubts over federal educational policies going forth. Just after the Trump’s statement in October 2015 that he might cut the expenditure on the department of education had started showing negative effects on the educational system. Trump and his ministers have shown vital signs that they might minimise the role of federal government in higher education at the maximum. It is expected that the Donald Trump can also restrict the powers of the Department of Education too. If that happens, It can prove to be a nightmare for the American colleges and universities. A study has revealed that due to this decision, almost 8.5 million students can lose their Pell Grants which contributes heavily to the college education for them, and the worst, Approx. 5,00,000 teachers and professors will lose their jobs too.
As a conclusion, the final advice to the foreign exchange students or the students seeking higher studies in UK and US is that they must choose their college after a careful study and research of the university financial health and employment probability in a Post-Brexit world for a better and prosperous career.
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