The University of Illinois’ Gies College of Business reported steep declines in international on-campus master’s enrollments this fall—some programs down 25–50%—largely tied to lower visa approvals and reduced applicants from India. The college is offsetting losses through expansion of online programs, which are now predominantly domestic and helped cushion tuition revenue declines. Broader higher-education data show international interest is mixed: while some institutions report softer foreign demand, other datasets indicate enrollment resilience. The Gies pivot underscores a sector-wide strategy: scale online offerings to diversify revenue and reduce exposure to volatile international markets.