Search and survey data helps illuminate how prospective international students regard study in the U.S. after a year of turbulent statements and policy activity: with indications that the underlying perception and reputation of U.S. education may be impacted.
Whether we talk about international education in terms of a Big 4, a Big 14 or – perhaps eventually – a Big 40, we can safely assume that one destination always makes the cut. According to UNESCO data, The United States of America enrolled more than 950,000 international students in 2023 – more than Canada (390,000) and Australia (460,000) combined and over 25% more than the UK (740,000).
The U.S. is, effectively, a ‘Big 1’.
We see this in data for prospective students too. The U.S. is still the most popular destination in Keystone’s Share of Search data for 2026: accounting for 18% of all searches (the UK is in second-place at 10%)
And yet, search interest in the U.S. at the start of 2026 is down more than 50% compared to the start of 2025.
Its lead is under threat and our combination of data on student interest and student voice can help explain why. First, it’s useful to recap how we got here.
Chances are any blog you read (or any LLM summary you request) will give a different selection of the main US policy issues affecting international students in 2025 and 2026 – partly because there have been so many and partly because the impact isn’t always simple.
Cuts to federal funding, for example, don’t immediately affect international education, but they can appear very meaningful to prospective research students looking at expensive-to-run graduate programs. Similarly, the changes to the H1-B visa last year don’t apply directly to international students (H1-B isn’t a post-study work visa and transitions from the F1 student visa aren’t affected) but they did impact how prospective students felt about studying in the U.S.
The wider issue in both of these (and other) cases is the structural impact on the perception of the U.S. as an attractive and high-quality international study destination – something I’ll come back to with our survey data below.
Here are some of the key points on the timeline to now:
The list is extensive, even when selective. It’s a lot to try and summarise (play the world’s smallest violin for your humble author). It’s a lot for those working in international education to understand, keep track of and explain to students. And it is, of course, a lot for students themselves to comprehend.
But, broadly, we can group its contents into four themes:
The last two might be less obvious, but our data leads me to suspect they could be significant.
We’ve seen the impact of these policies play out in enrolment figures, with a 36% drop in F1 visa issuance in summer 2025, followed by a 17% fall in international student commencements in the IIE Fall 2025 snapshot.
And we can see it in Keystone’s Share of Search Data too:
The chart above shows search relative interest in U.S. study amongst prospective international student audiences at Masters level. It’s indexed to Q4 2023 as a baseline, to show us the ‘directional’ change in U.S. interest: has it gone up or down since that starting point.
And the time series tallies with the timeline:
The ‘good news’ for the U.S. international education sector is that the trend has stabilised – the travel ban and the scrutiny of OPT have yet to repeat the effect we saw last spring. But we aren’t seeing any sustained recovery either.
Turning to our survey data can help explain why.
It makes sense to see enrolments and search interest declining in response to the policy actions summarised above. And we would – hopefully – see both recover if those policy actions subside or reverse.
But look at what’s happening to the wider perception of the U.S. as a study destination:
The chart above is based on Keystone’s Pulse ongoing Pulse survey. This asks respondents to rate their chosen study destination on a number of factors. The question is a 5-point scale, but I’ve presented the data as a weighted average of those scores (higher is better). I’ve then compared two measurements of that score: one from June-August and another from October-February.
It’s lower in every single case. That’s surprising, but it also makes sense.
I’d expect the scores to have dropped from Visa Access and Safety as the prospective students taking this survey react to stories of threatened deportation, SEVIS revocation, travel bans and similar.
But we also see drops for the academic Reputation of U.S. education and the breadth and quality of its Subject Offer. And these gaps are bigger (dropping by 4 and 3 points, compared to 2).
There have been policies (for example, scrutiny of federal funding for universities) that could impact these more academic factors, but it could also be the case that we’re seeing a wider ‘structural’ impact on the perception of the U.S. as a study destination. And that’s a broader concern for universities and, perhaps, for policy-makers.
The real story in the second year of this Trump administration could be that changes to the U.S. international education offer aren’t simply making it harder to access: they could eventually lead less people to seek that access.
Dr. Mark Bennett
Dr. Mark Bennett is the VP of Research and Insights at Keystone Education Group. Leveraging Keystone's unique data and insights, Mark regularly presents on global higher education trends, recruitment, and policy topics, having previously spoken at events organized by NAFSA, CASE Universities Marketing Forum (UMF), HELOA, NAGAP, ContentEd, the UK Council for Graduate Education (UKCGE), Westminster Forum and others. Mark taught at multiple UK universities prior to joining Keystone and holds a PhD in gothic literature from the University of Sheffield.