Nearly a third of international students say they are less likely to study in the UK following the country's decision to leave the European Union.
According to a recent survey by recruitment consultancy firm Hobsons, 30% of respondents said they were not likely to come to Britain, while 6% said they would definitely not choose the UK as a study destination as a result of the EU referendum.
When prompted to choose an alternative location, 32% said they would choose Canada, 21% chose Germany and 20% said they would move to either an American or Australian university.
Despite the uncertainty surrounding the outcome of the vote, 43% said they felt that the pound becoming weaker against their home currency would make a UK degree less expensive.
Total income attributed to non-EU international students in 2014-15 reportedly accounted for around 26% of all income reported by English institutions. Recent forecasts by the Higher Education Funding Council for England indicate that the sector anticipates this figure to reach £4.6 billion by 2018-18, representing a 2% increase.
According to Jeremy Cooper, managing director of Hobsons, universities in the UK are facing what is described as a "period of uncertainty" post Brexit, but that "international students still represent a significant strategic opportunity for UK universities".