09 February 2016 (14:24 UTC-07 Tango 01) / 20 Bahman 1394/29 Rabi’a’-Thani 1437/02 Geng Yin 4714

Pocatello, Idaho, is home to Idaho State University (ISU) which readily admitted last year that the majority of their ‘international’ students come from Kingdom of Saudi Arabia (KSA) and Kuwait.

ISU also revealed that it suffered a net decline of more than 6-hundred students, even with an increase in students from KSA.  Now the oil rich country of Kingdom of Saudi Arabia is losing its financial ass, caused by crashing oil prices which are the result of Iran boosting oil production (on purpose, I recently wrote how Iranian oil administrators said they could make a profit even if oil sunk to $10 per barrel!), and as a result is slashing their higher education funding for Saudi students attending foreign universities.

CNN reports the 12% reduction in funding will force many Saudi students to end their studies in the U.S. as 90% of Saudis attending foreign schools are doing so on their government’s oil revenues.  Not good news for a struggling U.S. higher education system that’s been losing domestic students for the past several years.