Weekly Market Update
INTERNATIONAL STUDENTS' GRADUATE ENROLLMENT DECREASED
Thursday, October 4, 2018
International student graduate enrollment in the U.S. fell 3.7% from 2016 to 2017 --the second decline since 2003--according to a new survey, "Graduate Enrollment and Degrees: 2007 to 2017", released Wednesday by the Council of Graduate Schools. After the Supreme Court upheld President Trump's travel ban, which targets countries with Muslim majorities, experts said the policy could be a significant factor in declining enrollment. However, not all institutions witnessed a decline. R1-classified universities saw a 3% increase in international graduate enrollment from 2016 to 2017. In terms of total graduate enrollment, universities saw a 1% increase year-over-year among U.S. citizens and permanent residents, but a 0.1% decrease overall, and total applications fell 1.8% year-over-year.
In Other News
- A team of researchers at Oxford plan to open a blockchain-based university named Woolf University, aspiring to cut the cost of education by using blockchain, the distributed ledger technology behind crypto-currencies such as Bitcoin, to reduce the administrative costs of providing an education and pass the savings to students and faculty with lower tuition and better pay, respectively. Critics question both the applicability of blockchain to higher education and the expected savings.
- Roosevelt University is hoping to to merge with another private, religiously unaffiliated school in the next five to ten years while retaining the Roosevelt name. Representatives said the merger is driven by a predicted decline in graduating high schoolers.
- Boston University unveiled plans Monday for its latest project on Commonwealth Avenue: a 17-story tower that will house the Boston University Data Sciences Center. While the University saw a 23% increase in teaching hours for math and statistics from 2006–2017, the computer science department saw a 266% increase during the same period.
- University of South Carolina's lauded president Harris Pastides will retire in the summer of 2019. During his tenure, Pastides oversaw record enrollment growth, improved graduation rates, and a record-setting $1 billion capital campaign.
- Yale's endowment posted a return of 12.3% over the last fiscal year, the Investments Office announced Monday. The University's endowment is now valued at a record $29.4 billion--a $2.2 billion increase from the previous record, set last year, of $27.2 billion. This year, 32% of the endowment was invested in absolute return strategies, 27% in public equity, 23% in private equity, and 5% in real assets.
- The U.S. Department of Education this week launched its first-ever mobile application in an effort to help students and their families complete the FAFSA.
- The University of Montana is facing a $1 million penalty for reporting "inaccurate and misleading" crime statistics from 2012–2015 on everything from liquor violations to rape, according to a letter from the U.S. Department of Education.
- Two not-for-profit healthcare systems in Texas plan to merge and create the biggest system in the state. The boards of Baylor Scott & White Health and Memorial Hermann Health System signed a letter of intent Monday to enter into a period of exclusive negotiation and regulatory review. An official agreement is expected to be completed next year. Together, the systems will provide services across 68 hospitals.
- The 2018 Nobel Prize in Physics was awarded on Tuesday to Arthur Ashkin, Gérard Mourou, and Donna Strickland for their work in the field of high-speed and high-intensity lasers. Mourou serves as a distinguished University professor in the Electrical Engineering and Computer Science Department at the University of Michigan.