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Planning to go to the US for your further education? Then probably you must've heard of the changes proposed by the Trump presidency last year in H1B rules that made international students around the world reconsider their destination for education. Well, the good news is the US federal court abolishes Trump's era proposed H1B new rules.
For starters, H1B is an employment-based, non-immigrant visa for temporary workers in the US. Every year, the U.S. Citizenship & Immigration Services (USCIS) issues 85,000 new H1B visas to applicants in sectors including technology, engineering, and medicine issued for 3 years and is renewable. Of this, 85 thousand, 20 thousand were reserved for students who had studied in the US for their masters and are applying for the H1B visa. These students who hold F1 visas until now would need an H1B visa to work in the US.
But in June last year, the Trump presidency had signed an executive order to suspend several categories of foreign work visas including the coveted H1B visa, till the end of 2020. The new H1B rules proposed by the Trump administration had ended the visa selection process from a random lottery to one that would prioritize higher-wage jobs. Under the new H1B rules, the H1B visas were to be given to more skilled workers based on their salaries. If an applicant is a level 4 employee or level 3 employee then their chances of getting an H1B visa would be way higher than anybody who is an entry-level student or entry-level employee in any other occupation whose chances were almost zero percent.
Trump issued the order citing adverse conditions for the US economy in the aftermath of the Covid-19 crisis, which has led to a huge increase in unemployment in the country. Trump reasoned that it would help retain the highly skilled individual and will help Americans get the job that would otherwise be given to an international immigrant.
Back in practice, the lottery is a process that is used by the USCIS to pick the 85,000 applicants out of total petitions which were filed in a fiscal year. As mentioned, out of 85 thousand, 20 thousand is reserved for students who have studied in the US for their masters which were earlier removed by the Trump administration.
Thanks to the US Chamber of Commerce who had filed the lawsuit challenging the ban, resulting in a district court temporarily ordering a stay on the rule and later abolishing it altogether. Several other US companies including Amazon, Facebook, and Microsoft had also filed briefs supporting lawsuits challenging this H1B new rules claiming this would make it more difficult for them to hire graduate students as they would not qualify under the new rules. Universities had also said that if this rule was implemented, it would be tougher for them to attract international students.
Had the H1B rules remained, thousands of Indian students would have been affected since all the entry-level jobs or level 1 employees are usually hired at lower salaries by any employers and that would have made the rule harsh on the students who mostly get hired at level 1.
Now, with Trump's era proposed H1B rules gone, students can rethink building their career in the US. Students would be required to take prerequisite standardized exams in order to receive admittance from US universities. Know about these standardized exams by reading this article -Exams to study in the USA- Know all the Details
Students should be well aware that getting an education in the US will be a costly affair, averaging 40-50 lakhs for a 2-year master's degree and even more for a 3-4 year bachelor's degree. And since not everyone will have that much amount to themselves, an education loan is the only option for them. Go through this article to know the complete US Education loan Process - Everything you need to know
Since the pandemic is not over yet and is still looming, it is not feasible for students or parents to go to banks directly and get all the information by themself and especially the education loan in one go. And as it is also not feasible to visit every bank, 'WeMakeScholars' comes to the rescue since we have tied up with 10+ banks and NBFCs to help students get education loans at the best deal possible. The loan terms of all private lenders are mostly negotiable and students mostly agree to what the lender has to offer which may not be in their favor. We can negotiate with these lenders on your behalf to get you the lowest interest rate and the best overall loan term. You can reach out to WeMakeScholars by requesting a callback.
Note: WeMakeScholars is an organization funded and supported by the Government of India that focuses on International Education finance. We are associated with 10+ public/Pvt banks/ NBFCs in India and help you get the best abroad education loan matching your profile. As this initiative is under the Digital India campaign, it is free of cost. The organization has vast experience dealing with students going to various abroad education destinations like the US, Canada, UK, Australia, Germany, Sweden, Italy, New Zealand, France among others.