Covid-19 –Impact on the United States Higher Educations Revenue from International

Authors: Dr. Nisha Singh, Dr. Chandra Singh

Published in: IJRRETAS, Volume 9, Issue 1, pp. 1-8 (01 Jan 2023)

Impact Factor: 7.25 (2023)

Certificate: View Certificate

Abstract

International students in the higher education sector in the United States have carved a niche in the financial contribution of higher education. The international students\' share is 56% of the total tuition revenue in U.S higher education. The United States of America, Britain, Australia, and the other European states have 30% revenue from international students. Most of the tuition fees are paid by the students or their families. Scholarships, aids, or donations contribute not much from the USA to internationals. The international students contributed $39.5 billion to the U.S. economy in 2018, and GDP was 20.5 trillion. The International students\' economic contribution is close to 2% of US GDP. Due to COVID -19, the growth of international students in the United States declined from 6.3% to 5.5 % in the above period. The declines in fees for higher education were from $188 billion in 2019 to $189 billion in 2020 and $167 billion in 2021. This paper analyzes the Covid-19 – impact on the United States Higher Educations Revenue from International students and finds out the steps to overcome the current situation.

Introduction

The data sources are the United States Census 2010 - 2021, government data, authentic websites, and published research studies. The data sources are reviewed and analyzed to conclude with the help of graphs and tables. International students’ enrollment data is from Open Doors, published by the Institute of International Education in partnership with the Bureau of Educational and Cultural Affairs, U.S. Department of State

Conclusion

International students not only financially support the United States\' higher institutions, but helping to generate jobs too. More than 458,000 jobs are every year created by International students. Every three U.S. jobs are created and supported by international students. International students are not only paying the tuition fees for higher education, also paying for accommodation, dining, retail, transportation, telecommunication, health insurance sectors, etc. The International Students\' Economic Contribution is $40 billion, is almost 2% of the United States GDP. The international students are contributing United States economy through their innovation, and entrepreneurial action, and create job opportunities to support the United States economy. Due to covid-19, policies, and travel restrictions, international students’ enrollment in the United States dropped by almost 16% in 2020-2021, International student enrollment started to decline in 2018, and covid19 and us international students’ foreign policies were impacted too. On July 6, 2020,