Education

Can’t hold on without international students? Many universities in the United States and the United States went bankrupt, resulting in hundreds of billions of industrial losses

Due to the blockade policy during the epidemic period, many foreign students are in an awkward situation of no learning. They are looking forward to the beginning of school, but they are afraid that they may be surrounded by the virus, and they are in a dilemma. At the same time, after a long “tangle”, the schools with the same troubles as them have finally been forced to make a decision: not to start school, because they have no school to open.

according to the daily economic news, many European and American universities have been unable to bear the burden of the epidemic and are closing down one after another. Take the United States as an example. By the end of June, 33 universities in the United States have announced their permanent closure, and some of them are centenarians. For example, McMurry college in Illinois, USA, all 174 year old colleges and universities will be closed permanently after the spring semester due to financial difficulties: the 150 year old San Francisco Academy of art, with a debt of 19 million US dollars, will also suspend classes and put it on the agenda. Besides, 100 year old schools such as Johnson wells University and Franklin University will not be closed due to financial crisis Some campuses have to be closed.

as a big country of higher education, the situation in Britain is not optimistic. It is understood that according to the survey conducted by the British Institute of finance, about 13 universities are facing bankruptcy due to lack of financial support, and the epidemic has caused about 19 billion pounds of losses to the British higher education industry this year.

with the closure of colleges and universities, the income of the education industry has “plummeted”. Even many developing countries have not experienced such a serious education crisis during the epidemic period. But how can the United States and Britain, as world powers, fall into such a field? What is the problem?

the first is the source of income. British and American countries recruit a large number of international students every year, and the tuition of international students is absolutely an indispensable part of the normal operation of the school. Take the United States as an example. It is reported that in the 2018-2019 academic year, there are about 1.1 million international students in American universities. If these students do not choose to continue studying in the United States, the universities will face a loss of up to 41 billion US dollars. In the UK, the average tuition fee for domestic students or other students from EU countries is 9000 pounds, but the tuition fees for international students are generally more than 20000 pounds. Therefore, this year’s epidemic not only prevented foreign students from returning to school, but also refused their tuition fees.

the second is the consideration of the school. Some time ago, the US government was jointly sued by Harvard and MIT for a policy. According to the policy, if international students are still unable to return to school in the autumn semester, they will not be able to obtain a visa to the United States and the current visa will be invalid. This policy is obviously forcing foreign students to start school. However, for safety reasons, the school does not intend to resume classroom teaching in the autumn. In addition, many school teachers have also indicated that they do not want to start school at the risk of infection. The attitude of the school directly determines whether the school can start school or not, so in the case of no school, the school has no income.

the last is the legacy. According to relevant reports, before the outbreak of the epidemic, schools in Europe and the United States were already under financial pressure. In the past few decades, the growth rate of tuition fees in European and American universities has been high, but this is the embodiment of the financial pressure they are facing. Because the school wants to get rid of the financial crisis, it needs to ensure the source of students, but to attract students, it needs advanced equipment, new teaching buildings and good hardware facilities. As a result, the school has fallen into a dead circle: raising tuition fees while constantly spending money, resulting in more and more losses.

from the above analysis, it can be concluded that the financial problem of the university is still the source of students, among which, international students are a key part. In order to save those students, Britain has also thought of solutions. It is understood that Queen’s University once chartered a plane to pick up overseas students. Durham University gave 25% off tuition fees for some majors. The school of engineering of the University of Glasgow not only gave students an allowance of 1000 pounds per person, but also received a reward of 700 pounds for returning students. It’s not clear how many students will change their minds, but it’s much better than Trump’s threat of reducing federal funding to force schools to open. So what it means to lose international students to British and American universities can be found in their finance.

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