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How to destroy a nice business in education

20 April 2025, 2:36 am

I came to the U.S. from Australia in the Fall of 1967.

I spent the next two years at the Harvard Business School. I earned an MBA.

My parents paid full fare. No loans. No scholarships.

It wasn’t cheap.

In the fall of 2007, my son also went to Harvard Business School to earn an MBA. His mother and I paid his tuition — full fare, no scholarships, no loans. He graduated on June 4, 2009, exactly 40 years after I did.

If today were 1967, I would have seen what ICE was doing to foreign students. And I would have been too  scared to come to the U.S. to study here.

There are 44 colleges and universities in Boston. I’m guessing it’s one of Boston’s biggest businesses.

I asked Google how “How much money does the U.S. get educating foreign students each year?” It told me:

In the 2023-2024 academic year, international students at US colleges and universities contributed a record-breaking $43.8 billion to the US economy. This includes contributions through tuition, fees, and living expenses. The NAFSA data also shows that this contributed to the support of over 378,000 jobs. 

As international students leave the U.S. in coming months, I’m guessing all the 378,000 people will move to the west to assemble automobiles in the administration’s new factories or work picking fruit and vegetables in a California newly emptied of foreign workers.

America would have lost $43.8 billion and then some.

Jensen Huang was born in Taiwan. He earned a Bachelor of Science degree in Electrical Engineering from Oregon State University and later a Master’s degree in Electrical Engineering from Stanford University. He went on to found Nvidia. 

I asked Google If Jensen had given money to American colleges and universities. Google answered:
Yes, Jensen Huang, CEO of Nvidia, and his wife Lori have made major contributions to institutions like Oregon State University, Stanford University, and Oneida Baptist Institute, primarily through the Jen-Hsun & Lori Huang Foundation.

Here’s a more detailed breakdown:

Oregon State University:

Huang and his wife pledged $50 million in 2022 to support the creation of a supercomputing institute on campus, according to the university’s news release. They also previously donated $5 million for a cancer research lab. 

Stanford University:

The Huangs donated $30 million to help establish the Jen-Hsun Huang Engineering Center at Stanford, where Huang received his undergraduate and graduate degrees. 

Oneida Baptist Institute:

Huang, who attended the boarding school, gave $2 million in 2019.

Satya Nadella, the current CEO of Microsoft, was born in Hyderabad, India. He attended Manipal Institute of Technology for his bachelor’s degree in electrical engineering, University of Wisconsin-Milwaukee for his master’s degree in computer science, and the University of Chicago for his MBA.
He has also donated.
ICE is a new animal. It was formed on March 1, 2003. These days it snatches innocent students and people off the street and sends them to a Salvadoran gulag where many of them will spend the rest of their lives — without the benefit of a trial. Without the benefit of due process.

I would not want to be a young international student in the U.S. today. I imagine many will be leaving in coming weeks at the end of this semester.

The next Nvidia will be formed outside the U.S.

The prime minister of Singapore explains what’s happening to America and the world

Jimmy Kimmel is always fun

It’s Easter Sunday. My grandchildren will be hunting eggs. — Harry Newton

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