The 2009-2010 economic impact statement from international education compiled by the National Association of International Educators (NAFSA) was released last week. The numbers are big. International students are worth a lot to the US economy, $18.8B conservatively using NAFSA's methodology.
Here is how the total breaks down for the current academic year:
- 690,923 international students
- Spent $13.1B on tuition expenses
- Spent $12.5B in living expenses
- Received US student aid of $7.2B
- and spent $448M in dependents living expenses
- NET CONTRIBUTION BY FOREIGN STUDENTS: $18,776,000,000
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