What to avoid when traveling abroad.

This Market Is Worth It: Student Travel Is Up. Way Up!

Apr 06, 2016

Did you know the United States remains the destination of choice for students traveling and studying from other countries? In fact, the number of students coming to American institutions of higher education is on the rise.

The Institute for International Education found the “number of international students at U.S. colleges and universities had the highest rate of growth in 35 years.” This is an increase of 10 percent to a record high of 974,926 students last year. The report also found the number of U.S. students studying abroad increased by five percent in 2014, the highest rate of growth since before the 2008 economic downturn. 

What does this mean for travel insurance sales? Simply, these students will need it. And how big is this student market? Well, it’s huge! Let’s take foreign students studying in universities, colleges and vocational schools. There’s about 1.13 million of them, according to estimates from the Student and Visitor Exchange, a U.S. Immigration and Customs Enforcement program. Nearly half of them are STEM students, involved in science, technology, engineering and mathematics.

Take a look at the numbers in your state. The U.S. Department of Homeland Security provides maps to show the distribution of students.

It’s clear the market is there for travel insurance. 

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