Insuring Against Drop in Chinese Students
29th November 2018
The University of Illinois at Urbana-Champaign has paid $424,000 to insure itself against a significant drop in tuition revenue from Chinese students.
In what is thought to be a world first, the colleges of business and engineering at the university signed a three-year contract with an insurance broker to pay the annual six-figure sum, which provides coverage of up to $60 million.
The university came up with the idea in 2015 and implemented it last year but received permission from the broker to discuss it in public only earlier this month.
I guess they’re waiting for Trump to slap a tariff on ’em. This ought to solidify the position of Asians as Honorary White People.