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The Saudi government approved more restrictive eligibility rules for its foreign university scholarship program on Monday, Reuters and the Saudi Gazette reported. Details of the new rules are vague, but they would appear to make the scholarship program more academically elite. The Saudi government is facing a budget deficit due to low oil prices and is looking for ways to reduce state spending.

Saudi Arabia's foreign university scholarship program, started in 2005, has led to big increases in the number of Saudi students at U.S. universities. Nearly 60,000 Saudi students were enrolled at American colleges in 2014-15, making Saudi Arabia the fourth-largest country of origin for international students in the U.S.