Weekly Market Update

INTERNATIONAL GRADUATE APPLICATIONS AND ENROLLMENTS DOWN AT AMERICAN UNIVERSITIES

Thursday, February 1, 2018

Applications and enrollments by international graduate students at American universities have decreased for the first time in over ten years, according to a new survey. International enrollments dropped by 1% from 2016 to 2017, while applications were down by 3% over the same period. Notably, applications and enrollments dropped significantly from three countries that have historically provided a large proportion of these students: India, Saudi Arabia, and Iran. International interest in American graduate education has been tempered by the current political climate, including President Trump's travel ban. Additionally, the survey's lead researcher believes that there may be a mismatch between the workforce demands in certain countries and the education that American schools provide. Despite declining international enrollment and application numbers, however, overall enrollment yields at American graduate programs have not decreased.

In Other News

Rating Agency Update

  • Moody's assigned Aa1 to University System of Maryland's Series 2018A Revenue Bonds. The outlook is stable.
  • Moody's placed Michigan State University's Aa1 long-term rating under review for downgrade.
  • Moody's affirmed Northeast Ohio Medical University's Baa2 rating. The outlook is revised to stable from negative.
  • Moody's affirmed Florida Atlantic University's Aa3 rating on its parking facility revenue bonds. The outlook is revised to stable from negative.
  • Moody's assigned A1 to Skidmore College's Series 2018 Revenue Bonds. The outlook is stable.
  • S&P affirmed the University of North Florida's A rating. The outlook is stable.
  • S&P assigned A+ to Troy University's Series 2018 Revenue Bonds. The outlook is negative.
  • S&P affirmed Belmont University's A rating. The outlook is stable.
  • S&P affirmed Pittsburg State University's A- rating. The outlook is stable.