Graduate‑management and sector surveys show a sharp drop in international applicants and matriculations following political and visa policy shifts; 40% of prospective international MBA candidates say they're now less likely to study in the U.S. under the current administration. Universities reported double‑digit declines from key source countries, and student‑housing operators, including the UK’s Unite Group, cut rent expectations and lowered profit forecasts after weaker international demand. Campus international offices and housing providers should expect sustained recruitment volatility, increased competition from global alternatives and pressure on room revenue models; strategy teams need contingency enrollment and pricing plans. (Clarification: ‘International enrollment’ refers to non‑domestic students starting or continuing programs on campus.)