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Economic Times
31-05-2025
- Business
- Economic Times
Ivy League dreams in limbo: Visas, verdicts & very anxious students
Bloomberg Harvard University students wearing graduation gowns walk through Harvard Square in Cambridge, Massachusetts, on May 29 'Ivy League colleges cannot survive without international students. They are the backbone of America's academic strength. This situation is temporary... it will pass.' I've been saying this often these days, more to calm the nerves of students and their parents than anything else. For over two decades, I've watched thousands of Indian students chase the American Dream—an Ivy League degree, a high-flying job in the US and a life of global success. I've walked this journey with them—from the nervous excitement of SAT prep to nail-biting decisions on colleges. Now, for the first time in my career, I find myself in the eye of an entirely new storm: the growing uncertainty in US college admissions for international students. And yet, I remain calm. Because I know the system is cyclical rather than permanent. (Join our ETNRI WhatsApp channel for all the latest updates) Harvard's Legal Battle Much of the current anxiety stems from the ongoing legal battles involving universities like Harvard. After the Donald Trump administration barred the University of Harvard from enrolling foreign students, a recent court ruling has allowed it to enrol international students, but many logistical roadblocks remain. Roughly 20% of Indian students who have got admission to American colleges and universities this year have already got their visa. About 30% have secured interview dates. The remaining 50% are stuck—waiting for I-20 forms, which are eligibility certificates issued by a college or a university that is necessary to apply for a student visa, or struggling to find open visa slots. No new interview appointments are being issued right now. And we are in June. The August intake is looming large and, understandably, parents are stressed. My advice is simple: stay calm and have a pragmatic Plan B. Many families are now exploring alternatives like the UK and Singapore, or even returning to top Indian universities. But most students still want to hold out hope. They know—as I do—that there's still nothing quite like a US undergraduate education. In this climate, I see three types of students: The Determined Ones: They're willing to lose a semester or even defer a year, just to make it to their dream US college. The Flexible Planners: These students are seriously weighing options in the UK, Singapore and even top Indian colleges. The Hopeful Majority: They are watching and waiting, believing that visa processes will be realigned in time. And there's reason to believe they will. The pressure on the US government to resolve this is mounting—economically, politically and diplomatically. Getting In The other battle is just getting into an American college. With Common Application, AI-assisted evaluations and higher global applications, US colleges have never been more selective. Consider this: the University of Pennsylvania's acceptance rate dropped from 20% in 2005 to just 5.4% in 2024. Boston University's went from 52% to 10.7%. New York University's fell from 32% to a mere 8%. More than 80% of Indian undergraduate applicants to the US are disappointed with the outcomes. Many of them feel they deserve better. But they are up against a system where nearly 35% of seats are locked up by MALDC candidates—Minorities, Athletes, Legacies, Donors and Children of Faculty and Administrators. The competition is only intensifying. The pipeline of Indian applicants is growing rapidly. Students from second- and third-tier towns now outperform their metro-city peers, fuelled by better schools and greater ambition. There has been a huge jump in high-quality institutions across India. IT diploma schools have grown from 80 in 2010 to 175+ today. A-Level schools have doubled from 100 to 200+ in the same period. The US still offers world-class education, but the post-graduation road is no longer guaranteed. A four-year undergraduate degree now costs upwards of $400,000, while an MBA degree can cost $250,000 or more. Yet, only 40% of Indian students who are graduating this year have secured jobs so far. Even in high-demand fields like computer science, the number was lower than expected. Ivy League MBAs are not immune either—23% of Harvard MBA graduates were unemployed three months after graduation in 2024. At Stanford, that figure was 18%, nearly double from just two years ago. Meanwhile, visa uncertainty continues. Optional practical training (OPT) and H-1B rules for visas remain inconsistent. Standardised testing, like the SAT, is making a comeback—adding yet another layer of complexity. As the stakes rise, I encourage students to redefine what success looks like. Elite institutions are fantastic platforms but they are not the only route to achievement. I often recommend Where You Go Is Not Who You'll Be by Frank Bruni. It's a wake-up call for those obsessed with prestige. At the end of the day, real success depends on character, curiosity and grit—not just a brand name. Some of my students are exploring Indian post-grad options like the IIMs. Indian companies increasingly value homegrown talent—those who understand the market and are hungry to build something here. This isn't the new normal. It's a moment in flux. My message to students and parents is: stay flexible, stay informed and keep your eye on the long game. Be prepared to pivot. Don't tie your self-worth to a college name or a country's immigration policy. The path ahead demands resilience—the ability to adapt, to reinvent oneself, to embrace uncertainty. We are entering an era where resilience will matter more than résumés. That's what I tell my students when they call, worried, sometimes in tears. I remind them that uncertainty doesn't equal failure—it's just part of growth. In recent months, I have also found myself having deeper, more philosophical conversations with families which I never used to have 10 or 15 years ago. Parents are beginning to ask not just how to get in, but why they are pursuing this path in the first place. And students are more reflective. They care more about alignment—between their passions, purpose and the education they seek. It's no longer just about getting a US degree. It's about building a life that feels meaningful. My role is no longer just about helping them get into a college—it's about helping them think bigger, with confidence, no matter where they land. After all, the dream isn't changing. It's just getting smarter. The path may no longer be straight. But for those willing to stay the course, it can still lead to something extraordinary. The Ivy League dream is still alive—but maybe, just maybe, it's time to dream wider. (As told to Lijee Philip)
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Business Standard
15-05-2025
- Business
- Business Standard
Harvard President Alan Garber takes 25% pay cut amid Trump funding row
The US terminated $450 million in grants to Harvard this week, after earlier freezing more than $2.2 billion in funding Bloomberg Harvard University President Alan Garber will take a voluntary 25 per cent pay cut for the academic year that starts July 1, a school spokesman said. The reduction in compensation comes as the oldest and richest US university grapples with the fallout from its standoff over federal funding with the Trump administration, which has faulted Harvard's handling of antisemitism and alleged discrimination on campus. Harvard, which earlier this year announced a freeze in hiring, didn't specify Garber's salary. In his former role as Harvard's provost, he earned total compensation of $1.1 million, according to the most recent publicly available tax form for the 2022-2023 academic year. As provost in 2020, Garber was among leaders who took a voluntary 25 per cent pay cut during the Covid-19 pandemic. The Trump administration has assailed Harvard since taking office, blasting the school for failing to protect Jewish students on campus after the Oct. 7, 2023, attack by Hamas on Israel. Harvard this week expanded its lawsuit against the Trump administration over the halt in federal funds and what it deems 'unconstitutional demands' that threaten the school's independence. The funding cuts at Harvard are 'stopping lifesaving research and, in some cases, losing years of important work,' Garber and provost John Manning wrote in a letter Wednesday. Harvard said it will provide an extra $250 million of university money to help pay for research during the coming year, on top of the approximately $500 million it spends on research annually. The Cambridge, Massachusetts-based school also receives about $300 million in sponsored research funding from non-federal sources. In the last academic year, Harvard received around $700 million in research funding from various federal agencies, including the Departments of Health and Human Services, Defense and Energy. Separately, Massachusetts Governor Maura Healey on Wednesday announced a hiring freeze across the executive branch to help protect the state's budget priorities in the face of federal economic uncertainty. In addition to the Harvard funding battle and separate curbs on National Institutes of Health grants, the Trump administration has cut $350 million in direct aid to Massachusetts that supported initiatives including disaster prevention, student mental health services, school security and building upgrades and increased broadband access, according to the governor's office.
