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Photo: Jens Schlueter/Getty Images

Business schools are experiencing continued dips in MBA applications amid heightened anti-immigrant rhetoric in the U.S. and ongoing trade war tensions, the Financial Times reports.

The big picture: Stricter rules for international-student visas have discouraged foreign students from applying, along with America's increasingly anti-immigrant politics. University officials fear the issue is specifically troublesome for Chinese students — among the largest international-student population at American business schools — as the U.S.-China trade war persists.

By the numbers:

  • Stanford University cites a 6% drop in MBA applications.
  • Dartmouth College saw a 22.5% drop in applications at its Tuck School of Business this year.
  • Duke University saw a 14.6% drop this year.
  • University of Chicago's Booth School of Business saw an uptick this year of 3.4%, but is still recovering from an 8.2% drop in 2018.

Between the lines: Business school leaders worry stalled intake numbers could lead to program closures. Universities that recently closed their MBA programs include the University of Iowa, Virginia Tech and Wake Forest University.

Go deeper: Debt-free college: Where the 2020 presidential candidates stand

Go deeper

2 hours ago - Health

U.S. surpasses 25 million COVID cases

A mass COVID-19 vaccination site at Dodger Stadium on Jan. 22 in Los Angeles, California. Photo: Mario Tama/Getty Images

The U.S has confirmed more than 25 million coronavirus cases, per Johns Hopkins data updated on Sunday.

The big picture: President Biden has said he expects the country's death toll to exceed 500,000 people by next month, as the rate of deaths due to the virus continues to escalate.

GOP implosion: Trump threats, payback

Spotted last week on a work van in Evansville, Ind. Photo: Sam Owens/The Evansville Courier & Press via Reuters

The GOP is getting torn apart by a spreading revolt against party leaders for failing to stand up for former President Trump and punish his critics.

Why it matters: Republican leaders suffered a nightmarish two months in Washington. Outside the nation’s capital, it's even worse.

Erica Pandey, author of @Work
6 hours ago - Economy & Business

The limits of Biden's plan to cancel student debt

Data: New York Fed Consumer Credit Panel/Equifax; Chart: Axios Visuals

There’s a growing consensus among Americans who want President Biden to cancel student debt — but addressing the ballooning debt burden is much more complicated than it seems.

Why it matters: Student debt is stopping millions of Americans from buying homes, buying cars and starting families. And the crisis is rapidly getting worse.