The U.S. boasts one of the world’s largest education systems, with a demonstrated capacity to enroll and support a growing number of international students. Historically, it has been the top destination for international post-secondary students worldwide. Amid declining domestic enrollment trends, U.S. institutions are increasingly prioritizing international student recruitment. To address these challenges, the systematic development of student housing that aligns with the preferences of international students is essential for fostering a robust and sustainable international education infrastructure. Recognizing this imperative, BONARD evaluated the current and future impacts of international students on U.S. campuses and explored the implications for purpose-built student housing.
Key Findings:
- As seen across other leading study destinations, graduate programs are increasingly popular due to their cost-effectiveness and career advantages. High undergraduate tuition fees in the U.S., coupled with strong undergraduate systems in many source countries, lead students to prioritize graduate studies. STEM degrees, in particular, offer better job prospects and pathways to residency.
- For the first time in 2023/24, India surpassed China as the top source of international students in the U.S. Over the past five years, emerging markets have fueled growth, including India (+111%), Nigeria (+50%), Bangladesh (+99%), Ghana (+136%) and Pakistan (+38%). In contrast, demand from traditional markets such as China and South Korea has plateaued, with student volumes unlikely to return to pre-pandemic levels.
- The U.S. remains the top choice for international students thanks to its high-quality education system with globally renowned universities, cutting-edge research and diverse varied academic programs. Students also value strong return on investment, with access to scholarships and favorable post-graduation employment opportunities through initiatives like the Optional Practical Training (OPT) program.
- According to the U.S. institutions, the demand for luxury in student housing has declined in the post-pandemic era, with students prioritizing affordability and essential amenities over premium features. Privacy has emerged as a critical consideration, driven by increased social anxiety and a preference for private spaces. However, U.S. institutions continue to emphasize the importance of shared spaces to foster social interaction, combat loneliness and build a sense of community.
About the Author
BONARD is an independent market research consultancy specializing in international education and student housing. Through their work, they provide data, develop strategies and assess opportunities to guide investment professionals with scientific precision.