NY Times: Study: Foreign Students Added to Economy

[asteriskea]

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…In the 2006-7 school year, the report found, international students’ net contribution to the United States economy was nearly $14.5 billion — up a billion dollars from the previous year, the largest annual increase to date…</p>

<p>It’s a huge factor in a lot of cities, including New York, where international students contribute about $1.5 billion, more than the Yankees, the Mets, the Rangers, the Knicks and the Giants combined.”…</p>

<p>Those enrolling in the United States for the first time surged 10 percent last year, a statistic considered important because those students are likely to study in the United States for several years…</p>

<p>Over all, foreign students spent more than $20 billion in 2006-7, about half on tuition and fees and half on living expenses. The report estimated that $14.5 billion came from the students’ home countries, mostly from personal and family sources. According to the report, which was largely financed by the State Department and is being officially released on Tuesday, fewer than a third got their primary financing from United States sources…

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<p><a href=“http://www.nytimes.com/2007/11/12/us/12international.html?adxnnl=1&adxnnlx=1194861746-baanCF8aIz320Cbhu+ckvw[/url]”>http://www.nytimes.com/2007/11/12/us/12international.html?adxnnl=1&adxnnlx=1194861746-baanCF8aIz320Cbhu+ckvw&lt;/a&gt;&lt;/p&gt;