How Chinese students will react to the Trump effect

[FarCenter]

The lion’s share of American students apply for financial aid in the form of scholarships and loans given the mounting costs of earning a college degree in the United States.

Tracker College Board reports that a “moderate” college budget (including tuition fees and board) for an in-state public college for the 2016–2017 academic year averaged US$24,610. A moderate budget at a private college averaged US$49,320. Top universities charge much more.

Federal and state aid for higher learning remains low when compared with prior decades, forcing most US students to shoulder weighty loans.

Many Chinese students, in comparison, come from wealthy families or are recipients of Chinese government financial aid.

There would clearly be economic fallout on US universities and their locales if the number of Chinese and other foreign students plunged for political reasons.

IIE says the US economy raked in a total of US$30.5 billion from all foreign students in 2015. About 60% of the students are from Asia and the Middle East. About 1.04 million studied in the US in 2015/2016.

http://www.atimes.com/article/chinese-students-will-react-trump-effect/

[leftyladyfrommo]

1. When I went to UofU in 1965

I think I paid $400 a quarter. Books and living exenses were on top of that. I worked part time for $1.75 an hour and my apt was $50 a month. My parents paid the tuition and I paid the rest from my job. It was pretty tight but I made it. No extras. I walked everywhere.

[FarCenter]

2. That would work out to about $2000 to $2500 in '65 dollars or $20,000 to $25,000 after inflation

My total freshman expenses were $1604, and I kept a ledger of every cent spent. But I had a scholarship that covered the $114/quarter tuition, although not fees.

[GeorgeGist]

3. I went to U of Michigan in 1965 ...

paid $120/semester for unlimited credit hours, $50 for books, and another $600 for for room and board in the dorm. Add in $40/month spending money and a full year was about $2000.

As a boomer I am embarrassed that my generation dropped the ball ... Bigly.

[leftyladyfrommo]

4. My tuition might not have been that high.

I can't really remember. I know books got expensive some times.