In recent years, scholarship on international student mobility (ISM) has proliferated across various social science disciplines. Of late, an interest in the ethics and politics of ISM seems to be emerging, as more scholars begin to consider critically questions about rights, responsibility, justice, equality, and so forth that inhere in the thorny relationships between ISM stakeholders. To date, however, these discussions remain largely scattered. Bringing together these scattered conversations in literature, this article outlines elements of a framework for (re)thinking the ethics and politics of ISM. The proposed framework identifies eight key ISM actors between whom various ethical and political relationships arise, where these relationships range from the social to the institutional. Furthermore, the framework discusses four sets of concepts from the literature deemed pertinent in thinking further about ISM ethics and politics. This proposed framework is aimed at stimulating further conversations and efforts to make ISM more socially equitable and sustainable.