- A recently-released Global Citizen Index survey indicates the economic impact and study abroad habits of global citizens, especially groups of students from Asian nations who value travel experiences for learning and profession.
- According to the Flywire survey, 91% of Indian students and 51% of Chinese students entered study abroad programs to pursue degrees, primarily in business and STEM disciplines.
- South Korean students, with annual household earnings in excess of $96,000, are in better position to finance international college education than those in other countries, like in India, where families average a $31,000 annual income.
The report illustrates a few surprising truths about American colleges’ ability to recruit and meet the needs of international students. Seemingly, marketing initiatives to international students should promote professional degree programs with tracks to graduate programs. And for some nations, financial aid is also a major consideration in convincing families to finance education in the United States.
For college leaders, potential gains could be realized in making industrial connections with Chinese, Indian and Korean corporations, to aid in cultivating philanthropic and workforce development pipelines with students who may be returning east for breaks or postgraduate employment in their home nations. Schools can also consider bringing American educational modules to international nations, as New York University is working to deliver in Shanghai.