It's a shame that Canada also decided to shut the door on international students. The point was to ease the housing crisis (understandable) but the knock-on effect is to de-fund universities and surprisingly also public schools, which derive a great deal of revenue by charging international students.
This was the first year of Trump's new term and most of the anti-immigration executive orders happened in the last few months. By August, most international students had already accepted offers, made travel and stay plans, and likely paid some part of their tuition already, and just continued due to sunk costs and hope that things will stabilize.
However, at this point, I think a lot more people will not even apply to US schools for next year.
It's going to be a rough time for a lot of colleges that have been using foreign students paying full price to fund their operations. Especially now that the incoming college aged population is beginning to shrink and the percentage attending college has peaked, so the domestic population probably won't be able to fill the seats at less competitive colleges.
The loss of foreign students is already having an impact on the Boston rental market, with thousands of fewer students coming to the city this year:
“I’ve been doing real estate and technology for 30 years. I’ve never seen anything like this,” Demetrios Salpoglou, CEO of Boston Pads, told Boston.com. “It’s very acute. It’s not impacting all neighborhoods … it’s really proximity to a lot of universities that have a heavy reliance on foreign money or foreign enrollment.”
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.
9 comments
[ 3.3 ms ] story [ 28.9 ms ] threadThis was the first year of Trump's new term and most of the anti-immigration executive orders happened in the last few months. By August, most international students had already accepted offers, made travel and stay plans, and likely paid some part of their tuition already, and just continued due to sunk costs and hope that things will stabilize.
However, at this point, I think a lot more people will not even apply to US schools for next year.
“I’ve been doing real estate and technology for 30 years. I’ve never seen anything like this,” Demetrios Salpoglou, CEO of Boston Pads, told Boston.com. “It’s very acute. It’s not impacting all neighborhoods … it’s really proximity to a lot of universities that have a heavy reliance on foreign money or foreign enrollment.”
https://www.boston.com/news/local-news/2025/08/21/apartments...
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.