International students have long been important contributors to the U.S. economy, not only through tuition payments but also through their everyday spending in the communities where they study. Beyond classrooms and campuses, international students support local restaurants, retail stores, healthcare providers, housing markets, and more.
But as new restrictions and heightened uncertainty around international enrollment take hold, the potential loss of this spending represents a significant risk to both local economies and the national economy.
This IMPLAN analysis examines what happens if foreign student spending in the U.S. declines. To account for near-term uncertainty, we modeled the effect of a 10% reduction in student expenditures.