[82lsju]

I don't think Stanford will ever need to worry about a decline in applicants, thankfully, and that should insulate Stanford from any demographic crisis.  But looming uncertainty in the economy as well as higher costs of borrowing make it a very tough time to invest in expansion.  The financial model of university research may also be nearly wrecked.

it will be interesting to see if there is any change in the number of international applications to Stanford (and others) for the class enrolling in fall 2026 and what the yield is for international applicants admits in the fall of 2025.

[82lsju]

I don't think Stanford will ever need to worry about a decline in applicants, thankfully, and that should insulate Stanford from any demographic crisis.  But looming uncertainty in the economy as well as higher costs of borrowing make it a very tough time to invest in expansion.  The financial model of university research may also be nearly wrecked.

it will be interesting to see if there is any change in the number of international applications to Stanford (and others) for the class enrolling in fall 2026 and what the yield is for international applicants admits in the fall of 2025.