The issuance of F-1 student visas plunged over the critical May–August 2025 window, with the U.S. State Department data showing a 36% drop that translated into roughly 97,000 fewer visas granted, a Chronicle analysis found. The freeze in visa interview scheduling in late May is cited as an immediate cause, and policy moves by the Trump administration—including high‑profile visa cancellations and proposed time limits—appear to have compounded declines. Colleges and universities that rely on international tuition revenue are already responding: some programs suspended graduate admissions, and multiple campuses signaled budget and staffing adjustments tied directly to the enrollment shortfall. India—the largest sender of students—saw particularly steep declines, underscoring concentration risk in recruiting pipelines. For campus leaders, the sudden fall in new international arrivals means revenue shocks, program cuts, and strategic shifts in recruitment and admissions processing. Institutions heavily dependent on international master’s and doctoral enrollments face immediate fiscal choices ahead of the fall semester.