The Trump administration is moving to withdraw the visas for People’s Republic of China students at American colleges and universities. There is concern that the loss of these students at those schools would negatively impact the schools’ bottom lines.

A Trump administration announcement Wednesday that it would “aggressively” begin revoking visas for Chinese students confronts universities across the US with the prospect of a hit to their finances and talent pool.

There is, of course, a hue and cry from the press and their Party politicians. For instance, “US experts,” one of the many childhood imaginary friends so often consulted by news writers and opinionators, claim

A big decline in Chinese enrollment could severely cut into schools’ bottom line [sic] and damage US competitiveness[.]

And this: the People’s Republic of China “buys”—the news writer’s term—

education-related services, including spending on tuition and books, from the US, at $14.3 billion in 2023, 21% more than the $11.8 billion spent by students from India, and more than six times as much as students from South Korea, another major supplier of international students to the US.

That may be, but it isn’t relevant. Stipulate even that most of the PRC’s students here are entirely on the up and up. The question is not how much money the PRC spends on our schools, it’s the risk from the many who are here to spy directly, or are here to learn our technologies and our social techniques in order to take them back to the PRC to use against us.

The breadth and depth of that risk makes the group of them not worth the trouble to vet—an imperfect process at its best. The schools can adapt and adjust their budgets.