My last comment on this too. I am not advocating banning undergraduate international students or prohibiting FA or merit for them (yes, many schools give merit/discounts to internationals), I am in favor of colleges being taxed on those subsidies/gifts to international students since I, as a tax payer, am subsiding their discounts. Either pay full (like many Americans have to) or the college should pay tax on those gifts.
This bubble WILL eventually burst. We thought it was at 60K, but no. What’s the magic sticker that even rich people won’t pay? And please, let’s not always focus on Harvard. NYU, Fordham, BU, BC, Trinity, Bowdoin, Hamilton etc are all now ~70K for 50% of enrolled students. Many of these schools give merit or FA to internationals.