How International Students Can Get In-State Tuition Through the EB-5 Program
The EB-5 Program can become a real alternative for foreign students to fulfill their dream of studying in the United States, with significant state support for that purpose.
The dream of many international students is to obtain a quality education in the United States, but one of the most significant challenges is the cost of university tuition.
However, there is an immigration program known as EB-5 that offers foreign investors the opportunity to obtain a permanent resident visa in the United States, which in turn can allow them to access more affordable in-state tuition.
In this article, we will explore how international students can take advantage of the EB-5 program to earn in-state tuition in the United States.
What is the EB-5 program?
The EB-5 Program is an immigrant visa category that was established by the United States Congress in 1990. The program is designed to attract foreign investment and encourage job creation in the United States.
Through investing in a commercial project in the country, EB-5 applicants can obtain a permanent residence visa, also known as a “Green Card.”
How does the EB-5 Program work?
To qualify for the EB-5 Program, foreign investors must meet certain requirements established by the United States Citizenship and Immigration Services (USCIS).
One of the main requirements is to make a minimum investment of $1.8 million in a new or existing business venture, or $900,000 in designated target employment areas.
Access to in-state tuition through the EB-5 program
Once foreign investors obtain a permanent resident visa through the EB-5 Program, they have the opportunity to establish their residence in a specific state in the United States.
This can be beneficial for international students, as many states offer more affordable in-state tuition for residents, compared to the higher rates paid by non-resident international students.
Establishing residence in a state
To obtain in-state tuition, international students must prove that they have established residency in the state in which they wish to study.
The requirements to establish residency vary by state, but generally involve living in the state for a specified period of time, obtaining a state driver’s license, registering a vehicle, opening a local bank account, and demonstrating intent to reside in the state. been permanently.
Benefits of obtaining in-state tuition through EB-5
Accessing state tuition instead of international tuition can mean significant savings for international students. In-state tuition rates are considerably lower than international tuition, which can ease the financial burden for many students and their families.
In addition, obtaining permanent residence through the EB-5 Program can also open doors to scholarships and additional financial aid, since many aid programs are designed specifically for resident students.
While the EB-5 can be a great option for international students who want to get in-state tuition in the United States, there are some important considerations to keep in mind.
First, it is essential to seek expert legal and financial advice to fully understand the requirements and processes of the EB-5 program. In addition, the process of applying for and obtaining permanent residence can take time, so it is necessary to plan ahead and make sure that you meet all the requirements established by USCIS.
In summary, the EB-5 Program provides a valuable opportunity for international students to obtain affordable in-state tuition in the United States. Through investing in a commercial project and obtaining permanent residence, international students can establish residence in one state and access lower tuition fees.
If you are considering this option, be sure to do your research and seek appropriate counseling to ensure a clear understanding of the EB-5 program requirements and process.
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