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Friday, November 21, 2014

A new take on 'no pain, no gain'

When students want to know how studying at an education feels like, who better to ask than current students, right?

With this in mind, students' ratings of their courses are a part of prospective students' considerations when selecting a school. But is this such a good idea? Recent studies have reached the conclusion that students report a more positive perception of their teachers when they learn less.

Strict teachers are good for you!


The studies build on the proven premise that students experience a time lapse in between intensive learning and academic performance, meaning that the better the teaching quality, the better students will do later during their course.

Students tend to evaluate teachers positively when they receive high grades for a unit of study, and less positively when teachers are stricter. ('This lecturer is not an easy marker, he really makes you work for your grades! He's the best!' said no one ever.)

In this scenario, it was found that students rated courses in which they received good grades highly, but did worse in later courses. Thus it appears that students' satisfaction with units of study are linked to two factors - good grades and limited learning.

So what does this mean for students - both in university and those looking to enter university?

1. You reap what you sow
Students have to shoulder responsibility for their own learning, and understand that effort plays a much crucial role in influencing results in comparison to ability.

2. No pain, no gain
Not all effort are created equal. Effort can be easy - attending lectures, reading materials - or challenging - for example, self testing. The more difficult a task is, the more students learn. So embrace the tough stuff.

3. Take student evaluation results with a pinch of salt
Happy students may not be learning effectively. Happiness is subjective enough as it is, and when funding and ranking relies on students' evaluations - and when students are aware of this - they may be incentivised to give glowing reviews.

In the end, it is your own hard work which matters the most.

Source: The Conversation



Friday, November 7, 2014

Free movie screenings in Sydney

Yes, such events exist. If you - or your wallet - is getting tired from all the delicious food, plays, exhibitions etc. which Sydney has to offer, here are a couple of places which offers a place to kick back, relax and unwind with some good movies -

1. Cinema on the Park
Address: 255 Elizabeth Street, Sydney NSW 2000
Nearest train station: Museum

Watch Korean films in Sydney for free!


Run by the Korean Cultural Office, this event offers free movie screenings and Korean snacks most Thursday evenings throughout the year. The central city location makes it an ideal place to chill after a day at work. Snack bar opens from 6pm - 6.30pm and all movies have English subtitles. No entry after 7pm.

For the full 2014 program, go to Cinema on the Park.

2. Pop Cinema
Address: Art Gallery of New South Wales. Art Gallery Road, Sydney NSW 2000
Nearest train station: St James

A Beatles movie/documentary is included in the movie lineup.


In line with the current Pop to popism exhibition at the gallery, Sydneysiders get to relive the pop era with a film series of Hollywood movies, ground-breaking cartoons, documentaries and rare experimental films by pop artists.

This screening runs on various Wednesdays and Sundays from 29 October 2014 to 1 March 2015.

For the full program, go to Film Series: Pop Cinema.




Thursday, October 23, 2014

New study makes the link between study abroad and employability

Amidst a backdrop of record youth unemployment in many parts of the world, a new European Commission study released this month shows that young people who study or train abroad gain key skills highly coveted by employers, in addition to learning specific knowledge.

The Erasmus Impact Study found that internationally mobile students are half as likely to experience long-term unemployment compared to their peers who have not studied or trained abroad. The benefit of studying abroad extends to 5 years after graduation, when students who have studied abroad have a 23% lower chance of unemployment.

Employers' perspective on study abroad
Funnily enough, the traits valued by employers - such as tolerance, confidence, problem-solving skills, curiosity, self-awareness and decisiveness - were higher in students bound for exchange even before they went on exchange, and by the time they get back, the differences in these values increases by 42% on average, compared with other students.

Make the decision to study abroad today!

Visit www.nexpay.com.au to find out how you can save on your international student payments.

Thursday, October 2, 2014

Are postgraduate studies worth it?

Recently it seems like the trendiest trend in higher education is postgraduate studies. Before, the ultimate dream of middle-class parents for their kids is a college education. Now that everybody has a degree, it seems that the only way to stand out is by pursuing even further studies. But having spent a considerable amount of money on an undergraduate course, is it worth the additional costs and effort to obtain a master's degree?

Continuing education - is it for you?


Graduate Careers Australia (GCA) has observed that 94% of postgraduates are employed shortly after the conclusion of their course, and that the unemployment rate amongst postgraduate degree holders is 3%, which is lower than the average 5.3% for the entire workforce.

In addition, certain industries require a minimum of a master's degree to practise eg. teaching. Also, a global survey of employers have revealed a very promising picture on students considering postgraduate studies in business and management - Asia Pacific's strong focus on growth is driving increased hiring of MBA and other postgraduate qualifications holders in the region, with the most in-demand degrees being masters in accounting, finance and/or management.

Research has shown that postgraduates enjoy better employment outcomes, higher salaries and are more likely to be employed in high-level positions. Employers value the personal development which occurs during postgraduate studies, and students get the opportunity to experiment with different ideas and ways of thinking.

However, it would be unwise to expect an immediate payoff upon graduation - it may take a couple of years before the financial benefits kick in. The overall median salary for postgraduates is $75,000 in 2012, an increase from $73,000 in 2011.

There are also predictions that PhDs by coursework will be the next trend in higher education, as students strive to differentiate themselves from the surging number of postgraduates.

Do you think a postgraduate degree is worth it?

Friday, September 26, 2014

Avoiding the Freshman Fifteen

Rites of passage - graduating from high school, going off to college.. these are all milestones which mark our growth from children to adults. However, one rather unsavoury part of the typical growing up stages which most university students go through is the 'freshman fifteen'.

The term 'freshman fifteen' refers to the weight (15 pounds or 7 kilos) commonly stacked on by first year students (freshman). For the first time in their lives, students are moving out from home, away from parents and home-cooked meals, sharing a communal kitchen with other young students whose diet pyramid looks like this -

The college food pyramid
And let's not forget the booze.

What to do?

1. Be prepared. Some students (me) get taken by surprise when they start packing on the kilos because they had never gained weight quickly before. Know that it might happen, and -

2. Do like a Scout and be prepared. Have a game plan ready.

Part 1 of your game plan would be some no-cook dorm friendly healthy meals -
Oatmeal with fruits

  • Oatmeal with fruits

Kickstart your day with rolled oats and milk, easily cooked in the microwave and topped with fruits for added fanciness.


PB&J + Banana sandwich

  • Peanut butter and jelly + banana sandwiches.
For an easy, portable and delicious meal.


2-minute Quesadillas
  • 2-minute quesadillas
Just layer your favourite quesadillas ingredients (beans / diced tomatoes / avocados / cheese etc.) on a tortilla and microwave for approximately 1 minute.


Part 2 involves activity!

Aim to go for a 15 minute power jog / swim daily, join a sports club (also great for meeting people) and/or try to walk instead of catching public transport if you can.

Recruit a friend to help you stay committed.

With a bit of common sense (not overdoing it with alcohol), you can stay fit and healthy throughout your uni days!

Friday, September 19, 2014

Multiple choice questions abolished at Central Queensland University

Multiple Choice Questions (often fondly referred to by students as MCQs) will no longer be used as an exam format at Central Queensland University (CQU).

Are multiple choice questions a thing of the past?


Is this good news or bad?

As a student, I personally loved MCQs - it gave me a 20-25% chance of getting the correct answer when I'm stumped by the questions. If desperate and given enough time, I can even sneakily reverse engineer answers.

Plus it's less stressful to pick from 5 options instead of having to sift through all the information in my brain to access the appropriate answer.

Because MCQ exams are usually marked by machines, students get their results quicker, and marking feels more objective.

Unfortunately, some of these reasons why I adore MCQs is what led to its abolishment from CQU, understandably -

CQU pro vice chancellor Professor Rob Reed has expressed that to be able to apply learnings in the real world, students must get used to forming answers with their own minds because it is highly unlikely students will get presented with a few neat alternatives to make a selection once they graduate. Students will have to come up with the alternatives themselves.

Also, by allowing students the flexibility of writing their own answers, it is believed that students will be better positioned to display their knowledge instead of losing out if they get confused by the sometimes deceptively similar MCQ answers.

Short answers - as short as a single word - will replace MCQ when CQU starts a new term next month.

Do you prefer MCQs or subjective answers?

Follow us for Australian student news!

Source: The Australian

Friday, September 12, 2014

What makes Australian universities different?

Going to university is one of the most exciting times of a person's life, especially when one has the opportunity to study abroad. With seemingly endless university choices, here's what makes Australian universities stand out on the global arena.

The University of Sydney


1. Australia preserves the high quality of its universities relatively small - at 39 universities currently. To become a university in Australia, a higher education provider has to satisfy demanding requirements. Even a reputable university from another country cannot set up in Australia as a university without fulfilling these rigorous criteria.

In many countries, even the US, there are few restrictions to using the title 'university'. But in Australia the right to call an education provider a university is very valuable and jealously guarded.

2. The university sector in Australia is very stable. Australian universities are well managed with high levels of accountability and transparency. It is hard to even imagine circumstances which would lead to a university in Australia going into liquidation and closing down.

The Australia university sector is not based on a quota system - it is based on quality. As long as an education provider satisfies the legislated criteria for this title, it can be classified as a university. Quality is the underlying thread running through all Australian universities.

3. Students are eligible for post study work visas which allows them to work temporarily in Australia upon graduation, obtaining valuable work experience.

As a student agent, these factors would be good to know when helping your student select the most suitable higher education destination.

Sources: The Knight Review

Thursday, September 11, 2014

Coping with deregulation

How will deregulation of the Australian education industry affect universities? International students? Education Agents?

There has been much discussion about the issue of deregulating the Australian education industry, ranging from support over universities' increased autonomy in deciding on curriculum and cost to students, to concerns that higher education will become even more inaccessible for students, as government funding continues to drop.



Universities may raise fees depending on the courses which they will offer and their popularity with students - hence courses with exorbitant pricing will find few students, if any, willing to shell out for them. Undergraduate studies in Australia will remain reasonably priced, but universities looking to control costs further can seek other ways to do it, such as reigning in administrative costs.

For education agents, universities can up the ratio of international intakes to stabilise school operations as local students may seek to pursue studies abroad with deregulation bringing local education expenses up to par with global standards - however it is worth noting that Australia offers income-contingent student loans, so local intakes may remain steady.

Nevertheless, should current trends continue, the number of international students would grow, and this means increased administrative efforts to bring international students into Australia and maintaining a positive experience for the student.

Australia remains a popular higher education destination because of its world class education standards, and also because of its attractive post-study work rights. Measures such as scaling back on administrative expenses are a way to improve operations, deregulation or no.

NexPay offers favourable exchange rates for students and a free reconciliation service for education providers and education agents in Australia. This helps keeps administrative effort minimal, as NexPay guarantees all payment receipts are in the full amount (no more short payments!).

Visit www.nexpay.com.au for more information on how we can help you and your students save now!

Source: The Australian

Wednesday, September 10, 2014

Every student needs this recipe: 30 minute no cream carbonara

Pasta Carbonara

Want to eat this for dinner?

Good news - it only takes 30 minutes, leaving you with ample time to study/kill off another couple of annoying characters in your online games/browse through ASOS.

Even better news - the sauce requires a grand total of 4 ingredients, which you probably already have in your larder. (Eggs, cheese, bacon, black pepper.)

Ingredients
3 - 4 bacon, sliced thinly
1/2 onion, chopped (for added fanciness)
3 - 5 cloves garlic, chopped (for added fanciness)
2 eggs
50g Parmesan cheese, grated
Black pepper to taste
Olive oil for cooking
Pasta for 2, your preference

Instructions

1. Cook pasta according to instructions on packet.
2. While pasta is cooking, chop/slice garlic, bacon and onion.
3. In a bowl, mix eggs, cheese and black pepper.
4. Heat up oil in pan, cook bacon until nearly crispy, then add onion and garlic.
5. When pasta is cooked, drain and add to pan. Mix well with bacon.
6. Turn off the heat (remove from stove if you are using electric heat instead of gas - this prevents the eggs from scrambling)
7. Add egg mixture into pan. Coat pasta evenly.
8. Serve with black pepper and more cheese!

Tuesday, September 9, 2014

What to do if your Australian student visa gets cancelled

As per the 2014 Federal Budget, a 'super tribunal' will be created - as a merger of the Migration Review Tribunal, the Administrative Reviews Tribunal, the Classification Review Board, Refugee Review Tribunal and Social Security Appeals Tribunal.

Visa application


For international students, this means that you will have to contact the 'super tribunal' instead of the Migration Review Tribunal (which is the point of contact to appeal visa cancellations) or the Administrative Reviews Tribunal (where visa cancellations due to character issues are appealed).

This change is expected to kick into effect on 1 July 2015, and it is expected to provide an 'accessible 'one-stop shop' ' to rectify visa issues and provide a fair and economical service which is also simpler and faster.


Monday, September 8, 2014

Faster Australian student visas

Since 22 March 2014, international students and education providers in Australia have enjoyed faster and simpler Australian student visas processing from changes introduced which includes


  • a refined assessment level (AL) framework - in use NOW
  • the extension of streamlined visa processing to certain non-university degree providers - to commence early 2015
Faster Australian student visas


What is the Assessment Levels Framework?

The AL framework manages immigration risk in the student visa programme by aligning minimum evidentiary requirements from student visa applications to the immigration risks posed by applicants of a particular country applying for a particular student visa subclass.

Assessments Levels

Simplifying the AL framework benefits students from China and India, and has assisted vocational education and training students. Assessments levels have been reduced from 5 to 3 (with AL4 and AL5 being grouped in AL3), and financial evidence for AL3 has been reduced from 18 months to 12 months. Note: AL1 is the lowest risk.

In addition, English language proficiency, financial capacity and previous study requirements have been lowered. This means that certain students can begin studying in Australia at a less advanced level now.

Extension of Streamlined Visa Processing

Streamlined visa processing allows eligible student visa applicants from participating universities and eligible non-university higher education providers are assessed as though they are a lower immigration risk, irrespective of country of origin.

The government has announced that it intends to further extend streamlined visa processing to low immigration risk education providers offering advanced diploma courses. This new arrangement is anticipated to start in early 2015.

Visit the Department of Immigration and Citizenship (DIAC) website for more information.

Thursday, September 4, 2014

How you get cheated on bank exchange rates

International trade has became such as integral of daily life that most of us cannot remember the times when purchasing an item from abroad was not a common occurrence. However, how often do we pause to give thought to how much we're actually paying in foreign exchange?

Banks are always looking for creative ways to charge you extra fees, and one of their profit boosters is by cheating on foreign exchange rates. Let's see how the banks are doing this, and how you can avoid losing your hard-earned cash.

Bank of Evil


Dishonest bank foreign exchange fees

The inter-bank exchange rate is the foreign exchange rate that banks pay each other when exchanging money. Customers will not get this rate, as banks usually charge a fee on top.

Banks include this fee in the foreign exchange rate and don't break it down for customers. Hence customers never actually know the premium charged by banks. In addition, banks charge a transaction fee to process the exchange.

Major banks such as the Bank of New York Mellon have been sued over dodgy foreign exchange transactions. Moreover, 12 of the largest banks in the world were accused of rigging foreign exchange rates for profits in their favour.

No bank fees

What about banks which proclaim that they are not charging any fees? It is common for banks to not charge any fees but to skim a hefty percentage of the payment for profits. How can we tell? By comparing bank foreign exchange rates with mid market rates.

Mid market rates

The mid market rate is the mid-point between currency buy and sell rates, and the sweet spot which customer transactions should be based on. Banks and brokers will adjust their rates daily, and it will usually differ from the mid market rate.

Recipient charges

If you think being walloped by bank fees (hidden or otherwise) + transaction fee + unfavourable foreign exchange rate is bad enough, it gets worse - the receiver gets hit with bank fees for receiving payment as well.

When the payment arrives at the recipient's bank account, the amount may be less than expected due to the banks' skimming of fees. The recipient will then have to contact the sender to make another payment to correct the payment amount, wasting time, energy and money for both sides.

The average one way fee is 3.5%, meaning if you transfer $100,000 , you just paid the bank $3,500 for sending the money, and there may be additional fees awaiting the recipient. The math is easy - services which offer a better exchange rate and protect recipients from bank fees so that the quoted amount is always received, can save money senders a lot of hassle and headache, especially for regular senders or when sending a large amount.

Banking goes online

Thankfully, gone are the days when the only place you can conduct a foreign exchange transaction to make an international payment is at the bank.

A slew of mobile banking, online banking and specialised payment services have popped up, and there is a product out there to tailor to each and every specific need. Customers can also combine payment methods to ensure maximum savings.

NexPay is a payment service which makes international student payments (to Australia) simple and easy. We offer a lower exchange rate and ensures that recipients always receive the quoted amount by never charging bank fees in Australia.

If you're a service provider within the Australian education sector - agent, school or accommodation - you'll be happy to know NexPay also offers a free reconciliation service to ensure you always stay on top of your payment receipts.

Share this to ensure your mates never get ripped off by banks again!

Wednesday, September 3, 2014

Spring Festival Ideas

Spring break is just around the corner! After 3 months of cold - culminating in a week of rain - everybody is bound to be excited about planning a holiday with your friends!

Here's what's happening in Australia this month -

Perth
KOFFIA Korean Film Festival
When: 3 - 6 September 2014

Showcasing top 20 Korean films, this festival hosted by the Korean Cultural Office is in its 5th year. From rom-coms to dramas to action, the film selections will have you laughing and crying. In addition, there will be a raffle and photo ops. (All films are screen with English subtitles.)



Sydney
Sydney Fringe Festival
When: 1 - 30 September 2014

New South Wales' biggest independent arts festival is back for its 5th year! This spring, look beneath Sydney's glossy exterior and check out the city's emerging artists. There will be public forums, dynamic performances and an art e-tailer Art Pharmacy.

Melbourne
The Nutcracker
12 - 25 September 2014

Boasting the most expensive piece in the company's costume archive - at $10,000 for the tutu - Peter Wright's production of The Nutcracker is considered the most beautiful in the world. Expect traditional Nutcracker delights with additions such as a Rose Fairy!



Australia has amazing festivals year-round and is an ideal country to receive an education. To learn how you can save on school fees, visit us at www.nexpay.com.au

We also offer free reconciliation services for agents and schools.

Follow NexPay to get the latest news in Australian education.

Tuesday, September 2, 2014

5 of the most unusual journeys to school in the world

As Australia enters spring, it is easy to want to skip class - 'the weather is wonderful and I must go bask in the sunshine after a week of rain', or 'I can't leave my house with all that rain!' Whilst the journey from bed to class can sometimes feel like the longest trip ever, here are some pictures of what some people do just to get to school -

5. Gulu, China

The most remote school in the world
It takes 5 hours on a 1-ft track to get to the most remote school in the world.

4. Zhang Jiawan Village, Southern China

Students climbing unsecured wooden ladders


3. Lebak, Indonesia

Students crossing a damaged suspension bridge
India's largest steel producer PT Krakatau Steel, has built a new bridge, so students can cross the bridge safely.

2. Rizal Province, Philippines

Riding an inflated tyre tube to get to school
1. Delhi, India

Students riding a horse cart

To make the cost of study less painful, check out NexPay!

We also offer free reconciliation for agents and schools.

Follow us to get the latest news in Australian education!

Photo source: Bored Panda

Saturday, August 30, 2014

5 Things to Know this Week

Brangelina is officially married. (Sydney Morning Herald) You already knew that? Bet you haven't seen the 'paparazzi shots' (Daily Mail)

Brangelina wedding


Emoji is so July. Imoji (personalised emojis with your own face!) is the way to go. Better yet? It's free!

With the incessant rain and cold (as in runny rose cold) season around, be sure to eat healthy to keep your immune system up. Here are 10 Tips for Eating Healthy on a Budget. (And to save money, use NexPay, of course!)

What does your handwriting say about you? Because it's very important to know. (StumbleUpon)




Friday, August 29, 2014

Currency is King

New Student Payments System Offers Lower Exchange Rates and No Bank Fees.
Sydney, August 19, 2014– With Australia’s $16b education marketplace looking to grow over the next few years, NexPay has responded to a problem surrounding international students’ payments.

“Basically, both the international students and the local universities, schools and their agents are paying high rates for a mediocre service” says Paul Stokes, Head of Business Development at NexPay.
Stokes adds:- “When an overseas student is asked to make a payment to a local school, they unwittingly pay a higher exchange rate along with other fees for their foreign exchange transaction which can add another $1000 on top of their tuition fee on a $20,000 payment. Then, when the money eventually arrives, the local institution pays a bank charge of anywhere up to $25 per transaction. We think that’s wrong.”
NexPay provides a service where the student is quoted a much fairer rate. They are advised of an amount to pay in their own currency and the rate is fixed for 72 hours.
When the student makes the payment, NexPay guarantees the transfer is completed in just 48 hours. The receiving institution gets the full amount from NexPay – no bank fees – plus they receive a full reconciliation report showing which payment is for which student.
Go Study Australia is an education agency recruiting more than 3,500 international students per year for Australian institutions, providing students with a one-stop-shop service and institutions with a marketing reach in Europe.
Go Study’s Managing Director, Gavin Dowling comments, "Since using NexPay we have not paid any bank fees or had problems with short or missing payments. In the past, international payments were a challenge to reconcile. NexPay solved that problem and our students also get great savings on foreign exchange. NexPay provides us with a simple and easy process that we can rely on."

About NexPay
NexPay is an innovative payment services company that offers real value to the education sector. Students will save on their international tuition. Agents will be able to easily manage all their student payments. And both Educational institutions and Accommodation providers can reduce the costs associated with international transactions.
Established in 2011, NexPay is on a mission to make international student payments fair, simple and secure.
For more information, visit https://nexpay.com.au

Thursday, August 28, 2014

Overseas student numbers rebound

After a 5-year slump, Australia's fourth largest export sector grew 11.5% with 422,000 enrolments in the past financial year. This pickup has been predicted by Chaney, a businessman who prepared setting out a five-year strategy for the education sector - which has yet to be addressed by the current government.

Michael Chaney


Unlike international tourism, international education does not have a dedicated minister or coordinating body overseeing the sector. As competitor nations such as Canada and the United States beef up their strategies to acquire more international students, Australia has to remain on its toes to remain relevant to the international education industry.

Chaney has made a number of recommendations to strengthen the international education sector in Australia, namely -

  • a new body to take responsibility for promotion and marketing
  • national regulation to maintain quality
  • create a positive student experience
  • encourage Australian institutions and government to form partnerships locally and globally
  • ensuring integrity in Australia's student visa program
  • continually promote and market Australia as a supplier of high quality education

The International Education Advisory Council has estimated that there will be a 30% increase on international student enrolments in Australia. As education providers await the government response to the Chaney report, certain education agents have begun preparing for the influx of students by turning to services such as NexPay to assist them in keeping track of their payment receipts easily.

To learn more about NexPay, go to www.nexpay.com.au

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Source: The Australian



Tuesday, August 19, 2014

How International Students Impact Australia

International students are a huge part of the Australian economy, bringing in approximately $13 billion worth of revenue to the Australian economy in 2012.

How much money international students add to the Australian economy

Apart from direct revenue such as university fees, which cost up to 3 times more for international students compared to their domestic counterparts, international students drive secondary industries such as housing, food, private tutors and entertainment. Tourism also enjoys a boost from the international students themselves and visiting friends and family, especially at the start of semesters and graduation season.

Tourism is one of the industries which benefits from international education.


Australia offers world-class education in a safe environment - though this has been marred by news of exploitation by employers, dodgy landlords and cases of racism on public transport. Still, students still gravitate to the Australian lifestyle and international enrolments have been increasing.

Australia offers benefits to international students such as work rights (40 hours per fortnight when classes are in session), post-study work rights and pathways to permanent residency for skilled students.

However, Australia should not rest on its laurels. Australia faces stiff competition from other education destinations such as neighbour New Zealand, Canada and the UK. Up and coming countries like China have even leapfrogged Australia to become the world's third biggest destination for higher education students. China, with its comparably cheaper cost of studying, is now a major player in the international education industry.

China is becoming increasingly popular as an international education destination.


To remain competitive, Australia will need to appreciate the industry of international education, and draft policies to protect the international students' rights in terms of housing and work.

Education providers will have to innovate to keep up with the competition, and one way to do it is by adapting new technologies such as automated international student payments processing, which NexPay offers. Visit www.nexpay.com.au to learn how NexPay can help you save!

Sources: The Australian, Australian Education International, The Conversation 


Tuesday, August 12, 2014

Changes at NexPay: the future of international student payments

For agents and education providers, it is all too easy to feel overwhelmed by the daily rush of inquiries and administration, especially for international student payments.

But what if there is an easier way to streamline your student payment process? What if there was a way to manage all student payments? A platform to see all your student payments? What if this service also benefits your students by offering them favourable exchange rates thus reducing their cost of tuition?

NexPay is committed to making international student payments simple and easy. By understanding your needs and customising our payments system to fit into your environment, NexPay helps agents and education providers automate a complex payment process.

Instead of processing single payments and attempting to match amounts to students, agents and education providers can enjoy the ease of receiving one payment report every day, with complete reconciliation so it is clear from a single glance which students have paid what amount.

Processing student payments doesn't have to be painful


Another headache associated with attempting to reconcile bank fees is the fact that the amounts invoiced and the amounts received are different, as banks usually scrape off bank fees and commission before depositing the payment into your account. With NexPay, agents and education providers will receive full amounts, as we do not charge bank fees.

Our exclusive network also ensures that we offer lower exchange rates to your students so you can price your courses competitively.

And the good news is that NexPay is about to get better!

Rejoice!


We're adding more currencies to our network of currencies which cover more than 130 countries globally, so more students and agents can enjoy savings with NexPay.

Credit card facilities are also in the works, so agents and education providers can avoid merchant fees, as well as receiving daily reconciled reports of payments from students who are paying via this method.

Also we're building multi-lingual services to make NexPay more accessible to students and agents.

So if you're ready to learn more about how to make your international student payment process simple and easy, visit us at www.nexpay.com.au and contact us (contact details on right) to organise a chat!

NexPay complies with Anti Money Laundering legislation and offer 24-hour online assistance should you have any queries.

Friday, August 8, 2014

5 Things to Know

If you're running City2Surf - or any other physical event, these diet tweaks will help you improve your performance. (Good Food)

Melbourne Career Expo 2014 will be on 15 - 17 August 2014 at the Melbourne Convention and Exhibition Centre. Tickets are free but going quickly.

17 Maps that will change how you see the world. (Time)

Yes, you never knew you needed to see the world like this.


Ever wanted to party at Sydney Aquarium? Keep these dates in mind then - September 11, October 30, November 13 - when the Aquarium will host Hijinks parties complete with treasure hunt, tattoo designs and drinks. Sounds like fun! (Sydney Morning Herald)


Thursday, August 7, 2014

Melbourne Living Guide

Question: Which university has the highest number of international students?

Answer: The University of Melbourne!

To welcome all our new friends from abroad to Australia's Culture State, NexPay presents the Melbourne Living Guide -

Climate



This just about sums up the predictability of Melbourne's weather - none whatsoever. Always check weather forecasts and bring a jacket with you. In summer it can hit 40 degrees Celsius during the day and drop to 12 degrees come nighttime.

Humidity in Melbourne is not very high, so use a good moisturiser.

Currency

The national currency is the Australian Dollar (AUD). The listed price is the amount payable, unlike countries such as the United States, where tax needs to be added to the listed price.

For everyday retail, cash and debit cards are the most common payment methods international students use. (PIN is mandatory for debit/credit cards. If you can't remember your PIN and your purchase is under $100, you may opt to use PayPass or PayWave.)

For bigger bills such as university fees, international students may pay through services such as NexPay to enjoy savings on foreign exchange.

Cost of Living

An international student would require around $14,000 - $18,000 per year to live in Melbourne (iStudent), and this amount varies widely. You may want to live it up like the new wave of Chinese students, or you may be on a thriftier budget.

Bear in mind that the first few weeks in Australia will be more expensive, as you spend money on one-off expenses such as rental bonds, temporary accommodation, books and furnishings. (A rental bond is a deposit which you pay when you rent accommodation. It will be returned in full when you move out,  as long as you didn't thrash your room and/or apartment.)

Public Transport



Yes, the above picture is a truthful depiction of a Melbourne tram - it really does look this fabulous. The City Circle loops around Melbourne CBD for free, and will be useful to familiarise yourself with the city layout - or just to score free rides! Yay!

Melbourne has an integrated transport system which runs on one card - Myki. Myki can be used on trains, trams and buses, and can be easily bought and reloaded at retailers like 7-Eleven.

Driving

If you prefer being in the driver's seat, international student visa holders may drive in Melbourne, provided you have a
1. current driver's license either in English or accompanied with an English translation, OR
2. International Driver's License

To apply for a Victorian Driver's License, visit VicRoads for more details.

Happy studying in Melbourne, and remember to follow us for more international student news!

Source: The Australian, iStudent

Tuesday, August 5, 2014

Australian Universities' Pricing Dilemma

As student recruitment season rolls around again, Australian universities are presented with a unique challenge as they attempt to communicate the prices of their courses to potential students, with the uncertainty of government funding cuts and fees deregulation making it difficult for universities to develop new pricing strategies in response.

Some universities have opted to insulate 2014 mid year intakes from the deregulation of university fees but Universities Australia Chief Executive Belinda Robinson has expressed concern that extending this method to all 2015 students is not feasible at an estimate cost of $850m if the universities absorb the financial impact of the 20% funding cut by the government.



Robinson has repeatedly called for the government to apply the new deregulated fee system only on students commencing studies in 2016 and beyond so universities will have adequate time to establish new pricing strategies and ensure students are fully informed.

Formal legislation announcements regarding the higher education budget is expected on 26 August, at the earliest.

Although higher education funding cuts have not been well-received, some universities are in favour of fee deregulation, which will allow universities to have more say over the number of students accepted into the university and the type of degrees offered.

In this time of unprecedented change, universities will have to think outside the box and contemplate new ways to maintain the quality of education whilst running on a reduced budget. Luckily there are new products in the market which wasn't there before, such as customised payment solutions. Customised payment solutions are one of the newer products which are able to simplify payment processes and help universities save on administration costs, all at no additional expense to the universities.

As the higher education sector enters uncharted territories, innovative solutions might be the ultimate aide in its journey.

Source: The Australian

Follow The NexPay Blog for updates on Australian student life and higher education news.

Friday, August 1, 2014

5 Things to Know This Week

Australia may be seeing an influx of Brazilian students as part of the Science Without Borders scholarship program. (The Australian)

$A hits two-month low. If you're thinking of studying in Australia, now is the time! (Sydney Morning Herald)

If women had their own currency, here's what it would be worth. (Time)



What's cooler than Instagram? This new social media platform. (Refinery29)

Looking for love? Flirt Academy is running a workshop TONIGHT. (Flirt Academy)

Thursday, July 31, 2014

Fun New Trend in Higher Education and Recruitment

Games as books? Well, with the advances in technology and the celebration of creativity, now you can play your game and excel in your studies too!

Two lecturers from the University of New South Wales' Australian School of Business have introduced Playconomics, an optional online game for students undertaking Microeconomics 1.

Playconomics has been tested in a lab environment and has been proven to produce the same exam results as traditional textbook learning. But of course, gaming scores more points in terms of fun and engagement. Take up of the game by students has been enthusiastic, with about 80% of students playing the game.

Some big companies now use games as part of their graduate recruitment process, usually of the time management variety, like Fish Ball. Similar to the more famous Diner Dash, this game tests your ability to serve customers the Fish Balls they want at the fastest speed. Very addictive!

Gaming can help you progress to the next stage of your interviews!


Some recruiters mix things up by having you guess the type of 'food' which a 'customer' would want as well. Depending on the culture of the company, you might want to tailor your strategy around serving more customers, or serving less customers but delighting them, or serving customers in batches - the possibilities are endless!

Source - http://bit.ly/VMU1kl 





 

Tuesday, July 29, 2014

Pre-crastination


Procrastination. The one activity that all students in the world dabble in. Your familiar with the term, the concept and how it's the enemy of productivity, but you may be less familiar with procrastination's sibling - pre-crastination.

Procrastination: the art of doing important things last
Instead of postponing important tasks, precrastinators hurry to get a task done as soon as possible, even if it means more exertion in the long run.

Penn State University researchers conducted an experiment where students were requested to carry one of two buckets to an end line, with an emphasis on choosing the easier option. One bucket was placed closer to the student but further away from the end line (hence selecting this bucket would mean carrying it for longer); another bucket was placed further away from the student but closer to the end line (hence less exertion carrying it to end line).

The verdict? An overwhelming majority of students opted for the bucket closer to them, 'just to get the task over and done with', despite the fact that they would have to carry the bucket for a longer period. It appeared that mental exertion plays a crucial role in decision making - people value ticking items off their mental to-do list to lighten their memory load.

Signs that you are a precrastinator
  • waiting for the university shuttle, when walking would have been faster
  • answering an email while dining with friends, then spending extra time rewriting the whole thing
If you're a precrastinator who is always multitasking and starting assignments the nanosecond you receive them, you may want to take things down a notch to avoid burnout. Keep your eyes on the end goal and spend some time drafting a plan instead of springing into action right away.

Are you a precrastinator or a procrastinator?

Remember to follow our blog for more international student news!

Thursday, July 24, 2014

5 Things to Know This Week

Orientation - the time of the year when fresh new faces descend upon this fair country down under and make friends with each other over free barbies. Here are a few topics bound to come up -

Commonwealth Games opened in Glasgow in Scottish style. (Sydney Morning Herald).

Twitter is a guy. (Time)

Indian students taking English language courses in Australia have increased by 300%. (The Australian)

It's that time of the year again! Aroma Festival is on this Sunday (27 July 2014) at The Rocks! 

Miley's newest music video appearance for Pharrell Williams is shockingly.. restrained.

Friday, July 18, 2014

Safety for international students - how does Australia rank?

Students seeking to study abroad base their university selection on a few common criteria - the quality of the education, and how well-received their qualification will be internationally. Once these factors have been considered, students think about how welcome they will feel in the country in question. For instance, the influx of Chinese students in recent years can be partly attributed to the growing Chinese community in Australia, which fosters a sense of familiarity and belonging for international students.

Although immigration policies differ vastly for international students, immigration and refugees, people don't make this distinction in the mainstream. Acts of 'turning the boats around' and 'protecting our borders' may be sending out a hostile vibe to prospective international students.

In addition, Australia's reputation, which was damaged by a run of violent attacks against international students, has yet to fully recover. 

Safety concerns are especially heightened in countries where security is a big issue. Students from Uganda, with a murder rate 10 times that of Australia, were most concerned about safety issues. In comparison, British, Australian and Canadian - countries which have a low murder rate - students were the least affected by overseas safety. Hence students who come from troubled home countries may be more influenced by news regarding safety when selecting a school.

On the other end of the spectrum, there are students who come to Australia with 'overseas goggles', and engage in riskier behavior such as taking shortcuts which are not well-lighted because they are in a country which is much safer than their home countries.



Most students adopt a positive perception of Australia and the Australian way of life upon arrival - the multicultural mix of people, the value of fair play and the protection against discrimination. Also, Australia ranks highly still on the list of the Most Liveable Cities in the World.

Australia has a stable political environment, low crime rate and high health standards, which sets the stage for an enjoyable study experience. International students are covered by health insurance, and people with a disability are looked after through public transport and buildings which have accessible designs.



Australia is neither a xenophobic country which shuns outsiders, nor is it an utopia with zero crime. The majority of Australians are friendly and helpful, but international students should practice common sense when it comes to safety to ensure your study experience is enriching and safe.

In case of danger, call 000.

Source: http://bit.ly/U6gKpW


Thursday, July 10, 2014

3 Easy Ways to Earn Extra Income in Australia

If you're not visiting one of the awesome winter travel locations which we suggested, it could be either you're a homebody or.. you didn't budget for the trip. During my first summer break in Australia, I traveled to Melbourne, Fiji and Cairns. Here's what I did to earn extra income to support the trip, and you can do the same too -

1. University experiments
If you're studying at a university, chances are that your university conducts experiments.



A lot of people think 'mad scientist' when they think 'experiments' but all the experiments I participated in mostly involved sitting in front of a computer playing decision-making games. It's a very painless way of earning approximately $100 for 2 - 3 hours. (Some experiments have a fixed rate, others are dependent on games outcomes - if you're lucky sometimes you're paid an additional bonus.)

Remember to arrive early as researchers usually overbook students to cater for no-shows. If you show up on time but the participant pool is already full, you may be compensated $10 - $20. 

Try:
The University of Sydney - Economics Experiments (only for Sydney Uni students)
Macquarie University - Faculty of Human Sciences

2. AirBnb
One of the reasons some students on a tight budget are loathe to go on holidays is because of rent. There are a few ways to cut down on rent when you're away.
  • You may negotiate an agreement with your landlord so that your rent can be reduced when you're not living in your accommodation.
  • Sublease your room or apartment when you're away.
AirBnb is the best website for this purpose - they offer free photographers to take professional shots of your property, reviews of prospective tenants and insurance coverage.

I have met really amazing people through AirBnb - a female pilot, a medical student from Harvard, people I might have never met in my everyday routine. However, safety is paramount, so trust your instincts and request for as many verifications as it takes for you to feel comfortable with a tenant.

3. Sell Unwanted Items
One of the most 'traditional' ways of earning extra income. The easiest way is to list the item online, or you may gather a few friends and rent a space at the markets to peddle your wares.

Try:
Gumtree
EBay

With these 3 nifty ways to earn extra income, and of course by using NexPay, you'll be ready for a luxury retreat by the time summer rolls around!

Tuesday, July 8, 2014

Are you eligible to work in Australia after graduation?

What happens after graduation? If you're an international student studying in Australia, you get to work for two to four years in Australia upon completion of your studies. This gives overseas students an opportunity to gain experience in one of the most progressive working environments in the world and earn some Australian dollars while you're at it!



From July 2013 to March 2014, 493 Temporary Graduate visa (subclass 485) were granted to fresh graduates. If you're thinking about pursuing studies in Australia, there is no better time to do it!

So what are the requirements for this visa?

If you
  • are younger than 50 years of age
  • are in Australia
  • hold an eligible visa
  • meet the two-year Australian study requirement
  • have at least competent English
  • have recently graduated with either an eligible qualification or with skills and qualifications that relate to an occupation on the skilled occupation list (SOL).

You will be eligible to apply for this visa. For more information, visit http://bit.ly/1n99hSZ

Remember to follow us for more international student news!

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Friday, July 4, 2014

What are the most powerful passports in the world?

Passport power - the name of the country on your passport cover can mean the difference between having to prepare numerous documents prior to international travel, or being granted a visa automatically on arrival.

How many countries can you visit without a visa?


Australia has one of the best passports in the world, allowing visa-free access to 167 countries globally! With established pathways to citizenship in Australia, coupled with world-class education, it is little wonder that the land down under is one of the most popular study destinations in the world.

Dreaming of studying in Australia but daunted by the exchange rates? Fear not, for NexPay can help you by offering awesome exchange rates and zero bank fees.

Source: http://goo.gl/n0sLeI

Thursday, July 3, 2014

Winter break in Australia

Now that the finals are done and dusted, students now have time on their hands to amuse themselves and recharge over the winter break. For those of you who are not returning home or attending winter school, here are a couple of holiday ideas -

Whitsundays, QLD
For: Sunshine Lovers

Queensland is also known as the Sunshine State, and rightly so. The Whitsundays are a collection of islands on the Great Barrier Reef, on the beautiful tropical coast of Queensland. With an average daily temperature of 23 degree Celsius, this is the location for the ultimate winter escape. Must visits include Whitehaven Beach, Heart Reef and of course, any of the amazing beaches for quintessential holiday lazing.

Heart Reef


Cost wise, this is not the cheapest holiday destination - but very doable if you have been saving with NexPay. Expect to fork out $600 for accommodation, food and activities over 3D2N, which is coincidentally how much you would save if you had processed a $14,000 payment with us. Holiday cost justified!

Mornington Peninsula, VIC
For: A cozy break

Instead of escaping winter, why not make the most of it? Mornington Peninsula is a popular day trip destination for international students in Melbourne. Pick a day, rent a car with some friends, drive for an hour then enjoy a day of wandering amongst vineyards and soaking in the award-winning hot springs.



Jindabyne, NSW
For: Snow lovers

Did you know that it snows in Australia? In the Australian Alps, July through to September is skiing season! Australia is home to some of the best ski runs in the world for beginners and experts alike. Head to Jindabyne in NSW, and from there you have easy access to Thredbo, Perisher Blue and, our favorite, Blue Cow ski resorts.


Feel free to share your winter break ideas below, and happy holidays!

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