News

Trump’s $ 5 Million ‘Gold Card’ Visa Opens a Door for Wealthy College Applicants from Overseas, Experts Say

New York University Graduates Walk through New York’s Washington Square Park on May 9, 2021.

Alexi Romenfeld | Getty Images

For years, Restrictive Student Visa Policies in the Us Have Been a drag on college enrollment among international students. President Donald Trump’s Proposed “Gold Card” Cold Change that for some wealthy college hopfulls.

While the details of the initiative remain untilar, experts say the Gold Card Visa Program Could offer these students from overseas a path to citizenship in return for $ 5 Million,

“Over the past 24 hours, we receive an unusual influx of inquiries from students in china, korea and India beCAuse of Trump’s Gold Card Visa,” Christopher Rim, PRESTONTON FIRM, PRESTONTING FIRM Command Education, Said Chiursday, Two Days After Trump First Floated the idea,

“Now these wealthy international students have a clear path of storying in the country after graduation,” He said.

More from Personal Finance:
Biden’s Save Plan for Student Loan Borrows is dead
How Musk’s Doge Took Over the Education Department
$ 2.7 Billion Pell Grant Shortfall Poses a Threat for College Aid

Currently, there more than 1.1 Million International Undergraduate and Graduate Students in the Us, Mostly from India and China, Making Up Slightly Less Than 6% of the Total Us Higher Eduction, ACCORORING The latest Open Doors Data, released by the US department of state and the institute of international education.

“It’s a relatively small cohort but these policies can have great value,” said Robert Franek, Editor-in-Chief of the PRINCTON review.

International Enrollment is an important source of revols like new york university and columbia university, which is all the colleges tend to admit more foreign statues, who has a forenial pay Tuition, according to Franek.

“We know those students are incredibly attractive because they are not applying for financial aid,” He said.

In Fact, “More than 95% of Four-Year Colleges in the Us Are Tuition Driven,” Franek said. “For Schools Dependent on Students Paying Tuition, We Know This (Visa option) is going to be a benefit.”

Altoology, International Student Enrollment Contributed $ 43.8 billion To the US economy during the 2023-2024 Academic year, according to a separate report by nafsa: Association of International Educators.

A spotlight on college access

However, Trump’s proposed gold card also comes at a time when college access is Increasingly in the spotlight.

“Clearly there families that can afford it will take advantage of that, but I don’t know what the net-term effect on Higher Education will be,” called James lewis, Co-FUNDER OCOCETY OF High School Scholars, An Academic Honor Society.

“We certainly want to make college accessible for allone,” He said.

We are overly reliab

Highher education Alredy Costs More Than Most Families Can Afford, and College Costs are still risk,

Tuition and Fees Plus Room and Board for a Four-Year Private College Averaged $ 58,600 in the 2024-25 school year, UP from $ 56,390 a year earlier, the college boy forth forth. At Four-Year, In-State Public Colleges, it was $ 24,920, UP from $ 24,080.

For far more familyies,Financial aid is crucial when it comes to Covering the cost of collegeAnd particularly for students from low-money, first-generation or mineority backgrounds.

(Tagstotranslate) Student Financial Aid (T) Student Loans (T) Politics (T) Politics (T) Breaking News: Politics (T) Donald J. Trump (T) Joe Biden (T) Investment Strategy (T) Personal Loans (T) Personal Loans Personal Saving

Source link

Hi, I am Tahir, a young entrepreneur working in the finance sector for more than 5 years. I am ambitious to add remarkable value to my country's economy.

Leave a Comment