International Students Add $15.54 Billion to U.S. Economy

November 18, 2008

This fall there have been a number of reports in the news about internatinoal student enrollments at English-speaking colleges and universities. This week’s posts will focus on reported trends and conflicting predictions for the future of international students.

This is an important issue for several reasons. Graduate programs are able to recruit the best talent from a growing global pool of students. Many ESL programs at colleges and private langague schools like Kaplan and GEOS depend on international students.

A third reason for us to all pay attention to where international students choose to study is the size of their financial contribution to local and national economies. A recent study published by the National Association of Foreign Student Advisors (NAFSA) reports that last year international students and their families added $15.54 billion to the United States economy.

This is no small figure. With money like this at stake, we can expect institutions worldwide to increase their recruitment efforts. The rest of this week’s posts will be about how colleges in different countries are responding to all of this.
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