How recession is affecting study abroad plans for the USA? | News & Alerts | GoToUniversity

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How recession is affecting study abroad plans for the USA?

posted on: October 29, 2022

International students have been facing unprecedented situations for the past couple of years. Two years ago a pandemic gripped the whole world and it was shut down for two years completely. There was an absolute restriction on travel and international migration. Then when the world opened after two years and international movement across the boundaries was allowed, there was a global inflation that clouded the world in solidarity. Everything has become more expensive because of circulation of excess of currency. Russia's invasion on Ukraine has also been described as one of the reasons why the inflation has increased over the last year. This has severely affected the plans of international students to study abroad. Not only the tuition fees have increased but the cost of accommodation has also expanded exponentially. In some countries the cost of studying has almost doubled up then what it was before the inflation. The United States of America has also been severely affected by this inflation. The USA has always been the country of dreams for almost all the international students. It has some of the most prestigious universities in the world which is why it remains the first choice of everyone even now. Asian students specially from countries like India and China make up for 50% of total international students in the USA. This means that both these countries are potential markets for the United States of America. But now that almost all the universities of the US have increased their fees, students are choosing to study in European universities that offer free education or education at a very minimal rate. inflation has also affected the employment and job hiring of big companies like Microsoft and Apple to a large extent. All of these companies which were primarily based and headquartered in the USA have paused their recruitment process for a while. This means that the whole point of getting a high class education in the US is contracted as you can't be hired in the big companies of the US.

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