TY - JOUR AB - Between 2005 and 2016, international enrollment in US higher education nearly doubled. I examine how trade shocks in education affect public universities' decision-making. I construct a shift-share instrument exploiting institutions' historical networks with different origins of international students, income growth, and exchange rate fluctuations. Contrary to the critics that US-born students are crowded out, I find international students increase schools' funding via tuition payments, leading to increased in-state enrollment and lower tuition prices. Schools also keep steady per-student spending and recruit more students with high math scores. Lastly, states allocate more appropriations to universities attracting fewer international students. AU - Chen, Mingyu DA - May 2021 DO - 10.26300/x1wy-4d72 PY - 2021 ST - The Impact of International Students on US Colleges: Higher Education as a Service Export T2 - EdWorkingPapers.com TI - The Impact of International Students on US Colleges: Higher Education as a Service Export UR - https://www.edworkingpapers.com/ai21-405 ID - 376 ER -