Private colleges thrown lifeline as collapses begin Share Private education colleges reliant on international students will be thrown a $53 million lifebuoy in next month’s budget as closed borders stem the inflow of new students. News of the support package comes just two days after two newly insolvent colleges were referred to the federal government’s Tuition Protection Service, which will reimburse students their fees and find alternative education providers. Private education colleges will receive $53 million in the federal budget. With no significant numbers of international students expected to enter the country until 2022, the package of measures will encourage private colleges to refocus their business models on local students and expand their online and offshore course offerings.