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Aug 31, 2013 08:45 AM EDT

Colleges and universities across the United States look to foreign students as a source of additional revenue amid financial struggles and budget cuts. University officials do not refrain from admitting foreigners, especially Chinese students as they can easily afford to pay the ever increasing tuition fees.

According to the Institute of International Education's latest annual survey, during the academic year of 2011-2012, more than 764,000 foreign students were enrolled across the country marking a 5.7 percent increase from the previous year. One out of every four foreign students (190,000) was Chinese.

Financial Aid might be one of the reasons why foreigners are swarming to the west. International students received $7.7 billion in financial aid during the 2010-2011 academic year.

Although the figures for international students is steadily increasing since 2000, they still represent a small fraction of 3.7 percent out of the nearly 21 million students attending college in the U.S..

A new analysis conducted by The Chronicle of Higher Education claimed that overseas admission might get affected due to the Boston Marathon bombing which might have changed the perception of foreign students towards safety in the U.S. Plus, since the terror strike, the U.S. government has increased security regulations concerning student visas.

Top 10 American States for Foreign Students:

1. California (102,789)

2. New York (82,436)

3. Texas (61,511)

4. Massachusetts (41,258)

5. Illinois (35,920)

6. Pennsylvania (33,398)

7. Florida (32,567)

8. Ohio (26,427)

9. Michigan (25,551)

10. Indiana (22,194)

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