Private education provider Navitas, which listed as IBT Education in 2004 at $1.00 a share, has found a very profitable niche as a bridge between international students and Australian universities. Students want the prestige of studying at an Australian university; universities want full-fee paying international students to help with funding pressures. Navitas brings them together, at a cost.
The company’s main division, University Programs, operates flexible colleges with small class sizes, preparing international students for Australian university life. It then feeds them into follow-on degrees at its partner universities.