The Economic Benefits of International Education to the United States of America: 
A Statistical Analysis

NAFSA estimates that foreign students and their dependents contributed more than $12.85 billion to the U.S. economy during the academic year 2002-2003.  This conservative figure is based on tuition figures from the College Board, enrollment figures from the Institute of International Education's Open Doors 2003 report, living expenses calculated from College Board figures and analysis of the data by Lynn Schoch and Jason Baumgartner at Indiana University – Bloomington’s Office of International Services. 

This report does not rely on a “multiplier effect.”  Although this might provide a more accurate estimate of actual economic impact, there is no consensus on the appropriate size of such a multiplier.  We make our assumptions clear in a methodological appendix to this report. 

Along with our partners at IIE, the College Board, and Indiana University, we are committed to continuing efforts to improve our data and methodology.  By any measure, international education makes a significant contribution to the U.S. economy. 

To create an economic impact report, click here.

Updated November 7, 2003