GMAC data show 40% of international graduate candidates became less likely to study in the U.S. after the political and visa shifts in 2025, with Indian yields falling sharply; business‑school and graduate‑management programs reported double‑digit declines in admitted international matriculants. The drop in cross‑border students is already affecting downstream markets: Unite Group, the UK’s largest student housing provider, cut rents in some cities and revised development plans after a fall in international enrollment reduced demand. Higher‑education leaders and campus housing operators now face revenue shortfalls and must reforecast budgets, recruitment strategies and accommodation plans; institutions are accelerating diversification of recruiting pipelines and bolstering student‑support services to stabilize international yields.