Hundreds of universities and colleges in the United States are to bolster scholarship funding in order to lure in Israeli students, Yedioth Ahronoth reported Sunday.

In total, the schools are to invest $2 million in the initiative, which targets diploma, undergraduate and masters students. The campaign is to be launched on Tuesday at a joint conference held by the US embassy in Israel and USTUDY, a company that links Israeli students with American colleges.

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US college tuition is quite high by Israeli standards, ranging from $10,000 to $45,000 annually. But academic institutions, including UCLA, the University of Michigan and the New York Film Academy are vying to relieve the financial burden for Israelis, with annual scholarships as high as NIS 12,000 ($3,215).

USTUDY owner David Adler said that the initiative was born out of the US' efforts to attract foreign students. Schools in the US have not been spared from the economic downturn of recent years, forcing them to take drastic steps to increase enrollment.

Tuesday's fair is to be attended by representatives of American universities and colleges, who will introduce potential students to the variety of academic paths that they may choose, ranging from culinary studies to business degrees. The event is also to feature information sessions on how to make the best of the American college experience, including networking workshops and lectures about visas and working privileges.

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