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Getty getty A new report from Standard & Poor’s sends a clear message: demand for U.S. university education dropped sharply in the academic year that is now ending. Here are the overall stats: Standard & Poor’s What’s going on?
Well, first is the rising cost of university education. According to the College board, university costs have risen at an alarming rate. College Board’s “Trends in College Pricing 2017” report examines changes in tuition rates over time. The report found that for the most competitive private colleges and universities like Harvard, Yale, Princeton, Stanford and MIT, members of the class of 2024 will pay more than double the tuition and expenses expected of students less than two decades ago. Among public universities, the cost has frequently tripled.
Loss of International Students
A second factor is the loss of international students, the result of political worries, immigration restrictions on students, and concerns by those students eager to continue to live and work in the US after graduation. A recent NPR article points out the significant drop in international undergraduates and graduate students this way:
“The U.S. has historically been a top destination for international students. At last count there were […]