EB-5 Program: It allows overseas investors and their families to obtain Green Card in the US. Due to complicated immigration laws, moving to the US with parents might be difficult, but the EB-5 program can be quite beneficial in this area. As we all know that a lot of parents want their kids to pursue their education in the United States. Nowadays, some parents are even prepared to send their children to boarding schools, which help with language proficiency and offer skill development. Although boarding schools offer a fantastic alternative, there are some disadvantages as well.
Advantages of the EB-5 Program
- By moving to the US via the EB-5 Program, parents can replace the requirement for boarding school with a public or private school where their child can continue to live with their parents and receive the best education available in the US.
- One parent (often the mother) and the children may immigrate to the US and obtain a Green Card through the EB-5 program. The Green Card enables kids to can pay a reduced resident tuition to attend private schools or to enroll in free public schools.
- The primary benefit is that parents can rest easy knowing that their children will have greater control and less worry.
- Despite the EB-5 program’s high cost, many families who are thinking about boarding schools might be able to afford it.
- An investment of $800,000 is necessary for the EB-5 program, which is normally kept for 5 to 7 years.
- In addition, non-refundable costs ranging from $100,000 to $200,000 must be paid for immigration attorneys, government filing fees, administrative fees, and other expenses.
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In return, what do you receive?
A family’s entire or partial Green Card, a direct route to US citizenship, free public schooling, a greater selection of scholarships and grants, lower tuition at public universities, and, above all, a simpler route to work, which will enable you to focus on your career rather than being constrained by companies that will sponsor an H-1B visa. Apart from these the advantages you will get are:
- Based on the figures, attending boarding school can cost anywhere from $30,000 to $60,000 per year. You can save this money if your child attends a public school and you are granted a Green card.
- Moreover, families can save up to $120,000 on college costs over a four-year period (the resident rate at the University of California, Berkeley is $15,891, while non-residents pay $48,465; at the University of Michigan—Ann Arbor, in-state students pay $17,786 while out-of-state students pay $57,273).
- As a result, students can save up to $240,000 on their education expenses individually and this amount does not account for any prospective scholarships or the wage gaps that may occur during their first few years of employment. If you have more children, the savings might be staggering because this is only for one child.
