I don’t know if this was one of the intended outcomes, but this will probably cause some struggling college and universities to shut down.
International students raise quite a lot of money for higher-ed institutions because they pay full price without financial aid. The loss of that income is going to make a bad situation for higher-ed budgets much worse. Unless you are Harvard or Stanford (or a few other universities that are endowments with schools attached), you’re probably already in a budget crunch or eating into your endowment.
A side note, one of the founders of the college I went to has been convinced that higher-ed needs an entirely new business model in order to survive, and is founding a new school called Greenway (https://www.greenwayinstitute.org) that is trying to blend internships and co-op programs into an engineering education.
International students raise quite a lot of money for higher-ed institutions because they pay full price without financial aid. The loss of that income is going to make a bad situation for higher-ed budgets much worse. Unless you are Harvard or Stanford (or a few other universities that are endowments with schools attached), you’re probably already in a budget crunch or eating into your endowment.
A side note, one of the founders of the college I went to has been convinced that higher-ed needs an entirely new business model in order to survive, and is founding a new school called Greenway (https://www.greenwayinstitute.org) that is trying to blend internships and co-op programs into an engineering education.