Currency weakness and tighter visa and immigration rules are pushing many Indian students to reconsider studying abroad. In interviews, students described rising borrowing costs driven by a steep fall in the Indian rupee versus the euro and other currencies, alongside concerns about bleak hiring conditions in the U.S. and Europe. Reporting also points to enrollment slowdowns tied to the next September intake at universities abroad. One education recruiter, Edwise International founder Sushil Sukhwani, cited an estimated 20% drop in enrollments to the UK and U.S. over two years and projected another 10% to 15% decline. The impact is already visible in reported institutional trends: in the UK, 76% of universities surveyed saw declines in Indian student enrollments for the January intake, while U.S. enrollment fell nearly 7% between February 2025 and February 2026. For universities and international student offices, the episode underscores how exchange-rate volatility and admissions pipeline friction can quickly translate into yield and enrollment uncertainty—especially for students whose financing relies on bank loans and predictable visa timelines.