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Most students returned to China because they are not allowed to work in the US. The chance of getting a work visa dropped significantly since 2010s.

Foreign students aren’t getting American education for free; they pay much higher tuition. They are effectively subsiding the tuition cost of domestic students.

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I know the international tuition is much higher. But economics dictate the university cannot increase prices when it finds itself with empty slots they need to fill.

Universities will take a large financial hit, but tuition should also decline in the face of lower demand.

Not really. Most Chinese PhD students have full assistantship.

Most Chinese undergraduate students won't be able to get job in the US anyway.

Your second and first paragraphs are talking about different things.

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