WATERFORD Institute of Technology’s income dropped by €844,000 as a result of a significant drop in the number of new international students beginning their studies at WIT.
In the 2020-21 academic year, Waterford Institute of Technology had 125 total international students, 68 of whom were new entrants, as opposed to 227 in the 2019-20 academic year, of whom 172 were new entrants. The drop in the number of international students is likely due in part to the Covid-19 pandemic and the introduction of remote and online based learning in many courses.
This equates to a drop of about 60.4% in new international entrants or a 44.9% drop in the total number of international students undertaking studies at WIT, and a loss of €844,000 in income.
These figures relate to non-EU students, i.e. students applying to study at WIT who live and are from outside the European Union.
However, the number of full-time undergraduate students who entered first year at WIT this year remained unaffected and increased slightly from 2,087 in 2019-20 to 2,109 in 2020-21.
Full-time and part-time postgraduate students (including Masters taught, higher diploma, postgraduate diploma, and Masters research or PhD) new entrant numbers were unaffected this year as the number of students this year was 575 (573 last year).
The drop in international student numbers occurred across the board in Irish higher education institutions this year, with universities losing out on income through international fees as well as income generated by the renting out of student accommodation.
International (non-EU) student fees are significantly higher than those for Irish and EU students in all higher education institutions, including Waterford Institute of Technology, and many institutions have been increasingly relying on that income in recent years.