Most coverage of tighter student visa rules focuses on the applicant's side of the story — the delays, the denials, the anxiety. There's a second casualty that gets far less attention: the American colleges that built entire financial models around international tuition, and are now watching that revenue disappear in real time. The numbers, released this month, are larger than most people realize. US Colleges Are Losing Up to $7 Billion Because of Visa Policy. Here's the Bill