Back in August 2015 before Donald Trump became president, he tweeted: “When foreigners attend our great colleges and want to stay in the U.S., they should not be thrown out of the country. I want talented people to come to this country – to work hard and to become citizens. Silicon Valley needs engineers, etc.”
However, now with Donald Trump as president engaging in populist, isolationist rhetoric, imposing travel bans and ensuring jobs just for the American people you may be forgiven for wondering whether you or a family member would be welcome to study in America, unhindered.
The truth is America needs foreign students about as much as foreign students need America. While Trump’s recent policies and utterances have caused some concern and caution there is still a lot of interest from international students who are keen to study in America and access its first class education and other benefits that come with it.
Figures show that interest from foreign students isn’t waning. According to the non-profit Institute of International Education there were nearly 897,000 international students enrolled in U.S. universities in the 2015-16 school year. More than 147,000 others were doing Optional Practical Training, which allows those with student visas to work in the country temporarily.
While Trump is keen to provide American jobs for American people, it wouldn’t be sensible for him to clamp down on the numbers of foreign students that want to study at U.S. campuses because, as a country, America reaps plenty of financial and social benefits from this relationship.
Should there be a sizable decline in international student enrolment it could cut out a significant source of revenue for universities and the American economy – something that President Trump would not want as he tries to stimulate growth and create jobs. After all, international students account for about 5% of all U.S. college students, and, as a group, contributed nearly $36 billion to the U.S. economy in 2014-15, according to the institute.
Preventing foreign students from entering the U.S. would also impact on the social benefits of having foreigners live and study among American students. As Daniel R Porterfield, president of Franklin & Marshall College in Lancastar told Forbes last year: “Again and again, U.S. born students describe the transformational value of learning with and from peers from around the world. Whatever their nationalities, all our students find meaning in each other’s perspectives and life stories.”
While what President Trump has to say about immigration may sound intimidating it shouldn’t by any means create panic or a deep mistrust for the potential and first class education that studying at an American institution will bring. While Trump may be reigning in on immigration policies and banning travel to and from some countries that may, in his view, have terrorist links, it’s unlikely to dampen the interest from foreign students nor impact on the mutual benefits that such relationships will bring.
There are many ways that foreigners can obtain a student visa. If you want your son or daughter to study in the U.S. it is possible to get a permanent visa for you and your family through the EB-5 Investment Visa programme. Since 2013, approximately 100 South Africans, including their families, have taken advantage of the programme. They have since either permanently immigrated to the USA to retire or set up business interests, or stay at home while offering their children the opportunity to study at American universities at local rates.
To find out more information about how private equity specialist LCR Capital can help you and your family enrol in the EB-5 programme and invest your money to secure a permanent Green Card for you and your family, click here.