The United States has cemented its reputation in the global higher education landscape, clashing close corners with the UK, Australia, and Canada. Quality of education and a high standard of living for both domestic and international students in the US are among the top factors contributing to the sector’s growth in 2024.
In this detailed article, readers will get a chance to explore the US student housing market from an industry lens, highlighting key trends shaping this dynamic landscape in upcoming years. So, let’s get started and take a deep dive into how international students are currently driving the growth of the US market!
Enrollment Surge in US Higher Education Sector
Approximately 1.09 million international students were enrolled in the US for the academic 2023-24, contributing $17.6 billion to the student housing market. In the Fall 2023 Snapshot on International Student Enrollment by IIE, close to 92% of institutions expressed their positive outlook towards increasing their international student enrollment in the coming years.
Taking into account various capping and visa policy changes across top student destinations including the UK and Australia, the US has a fair advantage to expand the higher education industry, currently among the U.S.’s fifth-largest export industry, with over 368,000 jobs associated with hosting international students.
To understand the growth of international students in the US in the past few years in more detail, hop on to read amber’s “US Student Housing: Enrollment Shifts — China vs. India”, elaborating more on enrolment trends and growth in student numbers.
Read the article here.
