Australia's foreign student "industry" in trouble as more private colleges collapse...

Thousands of foreign students studying in Australia were left shocked and angry on Friday after the collapse of four private colleges in Melbourne and Sydney.

Students, many of them just weeks from graduating, turned up for class, only to find the doors locked and signs saying the colleges had gone out of business.

The 2,700 students, mostly from India and South-East Asia, had paid up to 20,000 Australian dollars (18,300 US dollars) to the China-owned Global Campus Management/Meridean Group which suddenly went into voluntary bankruptcy administration on Thursday. More...

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