University of Colorado international students pump $48.3M annually into Boulder's economy
- The University of Colorado's international students have a $48.3 million impact on the city of Boulder annually, with Naropa University's 37 international students feeding an additional $997,000 into the local economy.
- International students pay the highest tier of tuition and also often find it easier to shop rather than ship, making large-scale furniture and automotive purchases upon their arrival.
- CU currently has a record-high 1,643 degree-seeking international students, and a study released this month by NAFSA: Association of International Educators shows that foreign students and their families contributed over $21.8 billion to the U.S. economy during the 2011-2012 academic year.
From the article:
Madeleine Jochum showed up for her freshman year of college in the United States with everything she owned packed in one suitcase and a carry-on. Once here, the University of Colorado psychology and pre-nursing student from Germany made several purchases -- including all new bedding to fit her wider American bed -- and pumped hundreds of dollars into the local economy. "I sold everything I had at home, and with that money I came here and bought everything new," Jochum said. "I was pretty much starting a new chapter in my life." ...
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