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They pay full tuition (which is a lot of money). U of Illinois even has an insurance that if the number of international students declines too much (so it gains
by yyhhsj0521 7y ago
They pay full tuition (which is a lot of money). U of Illinois even has an insurance that if the number of international students declines too much (so it gains significantly less money from tuition), it would get compensated by the insurance company.
- MegaButts 7y ago> U of Illinois even has an insurance that if the number of international students declines too much...it would get compensated by the insurance company. Whoa. I had no idea this was a thing. https://www.insidehighered.com/news/2018/11/29/university-illinois-insures-itself-against-possible-drop-chinese-enrollments https://www.insidehighered.com/news/2018/11/29/university-il...
- ethbro 7y agoYou can generally get insurance on anything, if you're large enough and the risk is somewhat quantifiable. The issue with abnormal insurance policies is that the buyer may have more knowledge about the actual risk than the insurance seller. I believe this has burned Lloyd's of London a few times on their more esoteric policies.
- killjoywashere 7y agoThis, again, has nothing to do with the fine students of Chinese extraction. This has everything to do with the wealthy, powerful, and connected people at the top of the UC system and California state government opting, in true dictatorial fashion, to suppress the education of their own populace (by making in-state access more difficult) in the pursuit of short term monetary gains (from those sweet full-tuition dollars you mention, and probably some other incentives that were discussed over steak dinners). And, indeed, overlooking the negative effects on their own economy and long-term welfare (via espionage, lost education, etc).