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4 Reasons to Embrace Global Academic Credit Mobility

Posted on 3/17/2015 by AcademyOne Insights

We live in an increasingly globalized civilization where understanding the broader world in which we live is not only a valuable skill in the job market, but a necessity for economic prosperity. Through higher education we have the ability to provide the knowledge, experience, and multi-cultural perspective that will allow us to expand our global horizons and operate seamlessly across borders. Discover four compelling reasons why colleges and universities around the world should embrace international academic credit mobility.

  • #1 Growth of Globally Mobile Students

    workforce Demannds

    The number of globally mobile students has grown substantially over the last decade with reports of record highs the past few years.

    International student enrollments at U.S. universities increased for the 8th consecutive year during 2013-2014, with 886,052 students - up 8% from the previous year. Students from China now account for 31% of this total, with India at 12% and South Korea at 8%.1

    The number of Americans studying abroad has also increased over the years with 289,408 in 2012-2013, up 2% from the previous year. The top 3 destinations for American study abroad students include the United Kingdom at 13%, Italy at 10% and Spain at 9%.1

  • #2 Positive Economic Impact

    workforce Demands

    Investing in globally mobile students creates a positive impact on all economies. Students studying abroad return with increased knowledge and skills prepared for international citizenship, which is essential for development, prosperity and welfare. Conversely, these students bring cultural and intellectual diversity to the countries they visit, often representing a source of revenue for institutions in which they are enrolled and their communities.

    International students and their families at universities and colleges across the country supported 340,000 jobs and contributed $26.8 billion to the US economy in 2013-2014. This is an 8.5% increase in job support and creation and nearly 12 % increase in dollars contributed to the economy from the previous year.2

  • #3 Positive Financial Effect on Institutions

    workforce Demands

    Postsecondary colleges and universities worldwide value the diversity and global perspective international students bring to their campuses. In addition, many have realized the positive impact these students have on their financial health. In the US, international students typically pay full out-of-state tuition without the benefit of financial aid award. Many institutions dealing with the strain of budgetary cuts and competition have increased their international recruitment efforts to target these students.

    New York University became the leading host university for international students in the US this year with 11,164 foreign students bringing $394,345,700 in tuition and fees.3

  • #4 Influences from Global Initiatives and Standards

    workforce Demands

    Throughout the world, there are organizations working to promote global higher education mobility in order to increase awareness and accessibility. A number of these also work to develop standards for higher education institutions that encourage global mobility and simplify processes.

    The Institute of International Education (IIE) is recognized as a world leader in promoting international higher education. In 2014 they spearheaded Generation Study Abroad - a national initiative with the mission of outreach to educators at all levels, as well as stakeholders in the public and private sectors, to encourage purposeful action and get more Americans to undertake an international education experience. IIE’s goal is to double the number of US students studying abroad by the end of the decade.4

    The non-profit organization PESC (P20W Electronic Standards Council) has been a supporter of interoperability since 1997, promoting the implementation and usage of data exchange standards to facilitate student mobility. PESC continues to enable cost-effective connectivity standards between higher education data systems to simplify access and portability of data across the education lifecycle. They have contributed to the efforts of RS3G (Rome Student Systems and Standards Group) to define electronic standards for the exchange of student data between institutions of higher education in Europe and beyond.

  • Conclusion

    workforce Demands

    Boundaries between countries no longer define the higher education landscape in today’s connected world. College students recognize the value of studying internationally, while countries benefit from having a prepared workforce ready for careers in our global economy.

    AcademyOne understands the importance of international higher education mobility. We assist students and institutions in both the US and abroad with the assessment and movement of their academic credit. Our efforts have expanded to support international student transfer and articulation in Australia.

    To learn more about the work we are doing with the University of Adelaide and Charles Sturt University, check out Australian Universities Partner with AcademyOne to Improve Transfer.

    [1] ”Open Doors Report on International Educational Exchange,” Institute of International Education, November 2014.

    [2] ”International Student Economic Analysis - United States Report,” NAFSA, 2014.

    [3] ”International Student Economic Analysis - New York Report,” NAFSA, 2014.

    [4] ”Generation Study Abroad Fact Sheet,” Institute of International Education, 2014.

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