The risk levels are set across various sectors, including English language courses, vocational education and higher degrees.
The higher risk assessment affects all sectors of the Indian education market, which moved up by one level. In the latest year-to-date figures from Australian Education International, there were more than 392,000 overseas students in Australia, representing almost a 20 per cent increase in enrolments.
India, China and Nepal continued to be strong growth markets, but those such as Japan, Hong Kong and Taiwan continued to decline.