Saturday, January 16, 2016

How China’s Economic Slump Could Hurt American Colleges - Matt Krupnick, The Hechinger Report

This pipeline is an increasingly important revenue source for U.S. colleges, which enrolled nearly one million international students last year, according to the Institute of International Education. Collectively, those students pump almost $31 billion per year into the economy in tuition and other spending while they’re here. Almost a third of the international students were from China — which means that the country’s economic slump could hit U.S. institutions hard. China’s economy, the world’s second largest, is slowing, and exports and share prices in the stock market there are down. And while the numbers of Chinese undergraduate and graduate students in the U.S. increased last year by 13% and 4%, respectively, that pace was down considerably from the 18% and 12% growth of 2013-14.

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