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The VTBound program was implemented at Virginia Tech to ensure international student enrollment despite travel and visa restrictions during the pandemic. The program was a partnership across academic affairs, student affairs, and admissions. Eighty-two first-year undergraduate international students from 19 countries participated in a full-time remote curriculum directed to their intended major (mostly engineering). Instruction was primarily asynchronous with synchronous office hours and recitations attentive to global time differences. Support mechanisms to maximize student success included dedicated academic advising and a customized first-year experience (FYE) course with peer mentors. The academic performance of and adherence to academic integrity standards by these students exceeded that of domestic and international first-year students on campus. Many VTBound students became engaged in co- and extracurricular programming while studying remotely. The greatest challenge was limited access to visa appointments and global travel restrictions necessitating a second remote semester for most VTBound students. Overall, the VTBound program demonstrates the value of a customized first-year transition program for international students and the potential to engage students for a successful semester of remote learning from their home Countries.

Individuals who spend a large percentage of their incomes on consumption are perceived to prefer risks. Since entrepreneurs are well recognized as risk-takers, this chapter investigates whether consumption propensity is associated with entrepreneurship. Using micro-level data from Chinese Household Income Project, we find that households with a higher income–consumption ratio on average have a higher preference for risk-seeking, while they have a lower probability to be entrepreneurs. However, households who have higher consumption–income ratio and are in the top 10% of the wealth distribution are more likely to embark on entrepreneurship. In addition, we find that in-system connection (relationship with government-related units) decreases the likelihood of starting new business, while out-system connection (relationship with market units) increases it. These findings suggest that in an imperfect financial market, start-up finance and connections play important roles for entrepreneurship.