3 years ago
664
Forbes reveals that companies "pay a scholarship and training fee of $1,500 for each initial H-1B petition (and extension) which has amassed about $5B since 1999. About 30% of these funds goes to the National Science Foundation (NSF) to sponsor STEM scholarships for US students, 10% goes to support a program for K-12 students and teachers in science, and finally 50% go to the Department of Labor (DOL) for training purposes of US workers. The Typical Student team learned how H-1B visa fees help to allocate 87,000 in colleg scholarships for US students.
How Many US Students Have Benefitted From H-1B Visa Fees?
Source: Forbes
Let's take a look at a brief statistic to learn the number of US students who have benefitted from the H-1B visa fees:
Employee Training
US companies allocate more than $87B annually on training for employees, according to 2018 Training Industry Report. In total, these fees have funded about $2.5B in training grants distributed by the Department of Labor. The Trump administration’s budget for fiscal year 2020 has proposed doubling the $1,500 scholarship and training fee to $3,000. Forbes experts believe an H-1B visa to be "the only practical way for an employer to hire a high-skilled foreign national." This includes an international student, to work long-term in the United States.
12 Countries With EASIEST Student Visa Procedures
3 International Scholarships Only Female Students Can Apply For
Getting F-1 Student Visa in US: Guide for International Students (+ INFOGRAPHIC)
US Limiting Visas for International Chinese STEM Students: Will You Be Affected?
Trump Administration Reportedly Considers Banning Chinese Student Visas For Good
Canada Biometric Program Roll Out: Will International Student Visas Still Be Accessible?
Keep up with the Typical Student daily email