Due to the global recession that began in 2008 many United States colleges and universities have experienced financial troubles. There are many different approaches that these institutions have taken to balance their budgets and improve their financial situations. Many have slashed department budgets or fired teachers and staff, however there may be an approach that will save money and allow more employees to keep their job and educational resources. This will enable colleges and universities to continue striving towards excellence and improving the education system.
Colleges and universities could start accepting more international students to their programs. International students pay higher tuitions and with the increase in revenue, would allow these colleges and universities to provide better classes, teachers, staff, and opportunities for all students.
By accepting more international students, colleges and universities would also be increasing competition. There would be more students applying to these institutions, which would create an improved academic environment. Most international students are highly motivated to succeed because of the investment that it takes for them to come to school in the United States. This creates a setting where students are pushing themselves and are also exposed to new cultures, something that is becoming progressively more important in this increasingly global world.
Foreign credential evaluation services can help facilitate this process of increasing revenue to fund education as well as improving academic competition. Academic standards are different in each country and it can be difficult to keep pace with the changes of academic systems all over the world. These evaluation services provide an invaluable product to colleges and universities in that they can accurately convert foreign academic credentials into their United States equivalencies to streamline a school’s application process. Rather than researching each student’s international academic achievements, a foreign credential evaluation service will use its vast resources and experienced evaluators to provide a complete and timely report on a student’s academic records.
As many colleges and universities are cutting costs across the board they should also be thinking of ways to increase revenues so that they can maintain their current high quality programs. Foreign credential evaluators can aid institutions of higher education in bringing in more international students to help pay for desperately needed teachers, staff, and programs.