The Language School Bubble Bursts The sudden bankruptcy of International Language Academy of Canada (ILAC) has left over 1,300 students stranded, their futures hanging precariously in the balance.
This crisis affects not only those directly affected but also reflects a broader issue within the international education sector. Regulatory changes have been cited as one of the main reasons behind ILAC's demise.
The federal government's tightening of intake caps on international student permit applications undoubtedly had an impact, but this is just part of the story.