Eh, reyrey.
Your friend is wrong.
I've got from countless sources that foreign students get 12,000 dollar scholarship, and locals get 22,000 dollars. Only if they go to the Australian UNSW.
Maybe the news got lost in translation?
Anyway, yea, they basically shut down cos they didn't meet their goal of 300 students (they only got 148).
They screwed up bigtime, they have to pay scholarships, repay loans, remove the big campus they were planning to build, restore the big piece of land to it's original state. They gained nothing at all, quite sad.
Oh, bump!
Someone help.