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US colleges lose grip on vital revenue source: Asian students

Third straight drop in international enrollment fuels worries over China and India

American universities that rely heavily on Asian students are bracing for financial pain as international enrollment declines. (Photo by Hiroyuki Nishimura)

NEW YORK -- American universities have a problem: Despite their best efforts to attract foreign students, fewer and fewer are coming their way.

New international enrollment on U.S. campuses -- long the preferred destination for students from Asia -- has fallen for the third consecutive year, according to data released on Monday by the Institute of International Education, a New York-based nonprofit.

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