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What Does Brexit Mean for International Students?

BY Julia JH Park, June 24, 2016

Friday 22 July 2016, by Carlos San Juan

his is why you don’t play with fire, kids. The joke gets out of hand.

Today, Great Britain - or 52% of it, anyway - voted to leave the European Union after 43 years. Despite the best efforts of politicians in Britain and Europe to reassure the shocked nation (and the world!) results been undeniably immediate. The pound has fallen more than 10%, “a low not seen since 1985,” while the British stock market has plummeted in similar fashion. Prime Minister David Cameron has resigned.

So what does this all mean for international students who are neither British nor European?

What Does Brexit Mean for International Students? Julia JH Park

Sorry if you’ve already paid tuition. Everything else is about to get cheaper. The pound has gotten a lot cheaper over the last few hours. After months of begging the transfer rates to be in my favour, eating nothing but Tesco discount veggies and forgoing friendships for the sake of saving on cafe and pub outings, this Canadian finds it all a little surreal. The Great British Pound is now cheaper than the Euro or the American dollar.

Julia JH Park is a Korean-Canadian graduate student at the University of Oxford.

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