SCAD (Savannah College of Art and Design) Hong Kong, which has been in operation since 2010, has a $4 million financial deficit due to low enrollment. The tuition fee of $38,440 per year for full-time undergraduate students is considered unfeasible for most local students, while students from mainland China who would be able to shoulder the financial cost of the institution often prefer to go abroad for their educations. The school only recruited eighty-eight students, or 40 percent of its target, in 2010—last year only half of its target, 156 students. – ArtForum