Kamis, 21 Mei 2009


Educational institutions around the world can now meet the growing challenge of serving foreign students with a new International Payment solution from Custom House, a leading foreign exchange and international payments company. Increasingly, higher education students are choosing to enrol in Universities and Colleges outside their home countries, creating a new and growing market for educational institutions. In 1999, 1.68 million students worldwide enrolled in foreign institutions. That number climbed to more than 2.7 million in 2005, and is expected to reach 7.2 million by 2025. The United States remains the most popular destination for international students, but other countries are also reporting increased interest from across the border. Although foreign enrolment levels are on the rise, international students often pose expensive and time consuming administrative problems for many institutions because of language problems, fee invoicing, payments, and currency exchange rates. At the same time, international students often suffer because of fluctuating exchange rates, service fees and the inability of institutions in host countries to accept foreign currency payments or accommodate language differences. These challenges can sometimes be so serious as to influence a student's decision to study abroad.

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