FOREIGN STUDENTS THAT TRUMP BANS CONTRIBUTE TO THE U.S. ECONOMY! One Million International Students Contributed $40 Billion To U.S. Economy

 

One Million International Students Contributed $40 Billion To U.S. Economy

ByAnna Esaki-Smith,

 Contributor. 

 Anna Esaki-Smith is an author and covers higher education

Nov 13, 2023

Over one million international students contributed $40.1 billion to the U.S. economy in the 2022-2023 academic year, marking a significant 19 percent increase compared to the previous academic year, according to data from NAFSA: Association for International Educators in Washington, DC.

Even though the economic benefit remains below the peak of nearly $40.5 billion set in the 2018-2019 academic year, this is the second consecutive year of recorded growth following the negative effect of the pandemic that began in March 2020. The number of international students studying at U.S. colleges and universities rebounded from lows hit during the pandemic, rising 12 percent to 1,057,188 in 2022-2023, an increase of more than 100,000 students according to the Open Doors report by the Institute of International Education (IIE).

“International education doesn’t just benefit individuals. It’s also vital to American diplomacy, to our economic competitiveness, even to our national security,” said Secretary of State Antony Blinken in a recorded statement released during a live stream presentation of the Open Doors data.

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