ACU Surplus Driven by Surge in International Student Enrolments

Australian Catholic University has recorded a $38.3 million surplus, driven by a significant increase in international student enrolments. However, upcoming government restrictions could threaten future financial performance.

This positive turnaround follows the previous year’s $35.7 million deficit. Within one year, ACU has reversed its financial position by relying heavily on international student fees, which brought in $121 million. This marks a 51.6% increase compared to the previous year. The revenue boost was a major factor in the university's overall $77.4 million growth and helped stabilise its finances.

Although the rise in international enrolments has benefited the bottom line, it also carries risks. This student group remains the most volatile source of income due to potential changes in visa regulations, economic conditions and public sentiment. In 2024, ACU also paid close to $14 million in commission fees to offshore recruitment agents. This adds pressure to maintain high enrolment levels.

Looking ahead, federal decisions to cap or reduce international enrolments, such as earlier legislative attempts or the slower visa processing under Ministerial Direction 111, could lead to significant revenue losses. A drop of more than 900 students could eliminate much of the current surplus and leave future budgets vulnerable.

Source: The Australian, Australian Catholic University, IBISWorld