This rapid rise in the number of Chinese students crossing the Pacific is the product partly of rising affluence in China and frustration with the relative inflexibility of the Chinese higher-education system. But it’s also been driven by U.S. colleges and universities looking to counter a decline in the number of college-age kids in the U.S. and, in the case of state universities, big cutbacks in government aid, especially since the financial crisis of 2008…. [W]hen it comes to American colleges and universities, I really don’t know how many of them could survive without foreign students in general and Chinese students in particular.

Source: How Chinese Students Saved America’s Colleges – Bloomberg View