Sunday, May 16

Coronavirus may cost US $4.5B because of international student decline

The coronavirus pandemic will make the U.S. lose more than $4.5 billion from foreign college students, according to a survey conducted in April, according to the NAFSA: Association of International Educators.

“With travel restrictions, visa delays, and economic instability worldwide, COVID-19 has been incredibly harmful to the field of international education,” said Esther D. Brimmer, the executive director and CEO of NAFSA: Association of International Educators. “We need Congress to support legislation protecting international education to save American jobs and ensure U.S. students remain globally competitive at a time where we cannot afford to lose our competitive edge.”

So far, the U.S. has potentially lost nearly $1 billion from shortened or canceled study abroad programs where international students, scholars, faculty and staff traditionally spent around $638 million, NAFSA reports. Moreover, the education nonprofit estimates U.S. colleges will lose at least $3 billion for fall 2020 from the decreased enrollment of international students – who typically pay full tuition.

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