Skip to main content

10 US colleges that could lose the most money from Trump's immigration ban

 President Donald Trump signed an executive order that bars citizens of Iran, Iraq, Libya, Somalia, Sudan, Syria, and Yemen from entering the US for 90 days and all refugees for 120 days. Opponents of the ban worry that the temporary travel ban will turn into a permanent one.

Around the nation, news has emerged of college students from the affected countries not being able to get back into the US.

Aside from the personal hardship the ban has been seen to cause, it may also have a big effect on the bottom line at certain American colleges, according to estimates provided to Business Insider from College Factual, a higher education data analytics and research company.

International students can pay up to three times more than in-state students at public universities, Business Insider's Tanza Loudenback reported in September, citing data from SelfScore, a company providing financial services to international students. Foreign students effectively subsidize education costs for other students at schools where they pay more, taking some of the financial burden off of American students.

College Factual collected data from Department of Homeland Security on the number of student visas that were approved in 2015, the most recent year they were able to get information. The 10 universities that had the highest number of student visas from the seven countries which now have a temporary travel ban are:

Texas A&M University — 271University of Southern California — 252Northeastern University — 249The Pennsylvania State University — 227University of Central Florida — 224University of Houston-System —221Kaplan International Centers — 219The University of Texas at Arlington — 219Arizona State University — 199Virginia Polytechnic Institute and State University — 197

To estimate the potential yearly revenue loss of these figures, College Factual used the tuition and fees and room and board cost for bachelor's degree programs at each of these schools. The schools that stand to lose the most revenue assuming these students have their visas revoked are:

University of Southern California — $16.9 millionNortheastern University — $15.6 millionTexas A&M University — $11.5 millionThe Pennsylvania State University — $11.1 millionUniversity of Central Florida — $8.6 millionVirginia Polytechnic Institute and State University — $8.2 millionArizona State University — $8.2 millionUniversity of Houston-System — $7.9 millionThe University of Texas at Arlington — $7.3 millionKaplan International Centers — $4.3 million

These estimates assume all students are seeking bachelor's degrees, as the visa data was not able to split between those seeking bachelor's degrees and those seeking master's or doctoral degrees.

Of note: Texas institutions of higher education seem to be most susceptible to revenue loss if Trump's immigration ban becomes permanent, with Texas A&M, the University of Houston System, and the University of Texas at Arlington losing an estimated $26.7 million combined.

Amy Smith, senior vice president and chief marketing officer at Texas A&M, said that while the school has not conducted an impact analysis, she thought the numbers were likely inflated as some of its doctoral students attend the school on scholarship. Smith also said that the school doesn't support the ban. "We would not be the university we are without a diverse student body," Smith said.

Some experts warn that the effect on foreign enrollment in US schools could be far greater than just adjusting for the seven banned countries.

"The domino effect of this ban will result in a precipitous decline in international student enrollment from Muslim-majority countries," Rahul Choudaha, cofounder of international student support organization interEDGE, told Business Insider in an email.

Comments

Popular posts from this blog

Soaring Bitcoin Price Leads $159 Billion Crypto Market Recovery

Bitcoin  Well, somebody bought the dip. Just as critics were rushing to proclaim that the bitcoin bubble had burst, the markets staged a $159 billion recovery. The rally was headlined by the bitcoin price, which rebounded from its sub-$10,000 fling and is currently flirting with $12,000. Several other top-tier coins, meanwhile, returned single day increases in excess of 40 percent. Source: CoinMarketCap Altogether, the  cryptocurrency market cap  clawed its way back to $574 billion, representing a 38 percent recovery from Wednesday’s intraday low of $415 billion. Bitcoin Price Eyes $12,000 Wednesday served as a trial-by-fire for recent bitcoin investors, some of whom had purchased the flagship cryptocurrency for $19,000 at the height of the rally in mid-December. Bitcoin Price Chart The correction forced the  bitcoin price  below $10,000 for the first time since early December, but Thursday’s rally enabled bitcoin to regain a bit of the ground it had lo

Bitcoin Laundering” Study: Where Do Criminals Turn to Mask Illicit Cryptoassets?

A recent study ( PDF ) from the Foundation for Defense of Democracies’ Center on Sanctions and Illicit Finance and blockchain analytics company Elliptic explored the “bitcoin laundering” ecosystem. In the study, Elliptic’s forensic analysis of the Bitcoin blockchain and other publicly available data were used to track the flows of illicit funds from 2013 to 2016. “This study aimed to identify where individuals turn in order to cash out or transmit bitcoins (BTC) acquired from illicit entities and to discover typologies for criminals ‘laundering’ bitcoins,” the report says. The study describes bitcoin laundering as a special type of money laundering that exists within the Bitcoin network where a user moves some bitcoins to a new address in a manner that obscures the original source of funds. The conversion of bitcoins into fiat currency on exchanges that lack adequate anti-money laundering (AML) and know-your-customer (KYC) policies can also fall under the category

Bitcoin Brokers Reviews for Learning Trustworthy Brokerage Firm

When you are trading the cryptocurrency it is necessary to have accessibility to a relied on brokerage company. Though there are lots of brokerage companies available that can be counted upon, figuring out the one that can additionally ensure you attractive returns are essential. Undeniably with Bitcoin brokers’ testimonials you could do it fairly precisely. Bitcoinbrokers are services provider that allow you to buy Bitcoin anonymously for buyers, and also market Bitcoin at a premium. For customers of Bitcoin you will be provided a financial institution account with name, account number and directing information. You transfer loan right into the account to obtain Bitcoin in return. This is lot even more easier now than a pair of years ago. It goes without saying delving into Bitcoin profession is not as very easy as it seems. You require to do research, have an enough understanding of how the profession goes. Additionally, you should understand the sort of people that you are going