This is a common question. For many of my clients, allowing their children to go to school in the United States—often at the university level—is a big priority, and one of their primary goals in pursuing immigration benefits. When deciding if the EB-5 program is right for them and their family, one of the first things they want to know is whether they will be able to pay the reduced college tuition of a state resident.
In America’s university system, state residents pay significantly lower tuition than non-residents. The difference between resident tuition and non-resident tuition can be considerable. For example, at any University of California, undergraduate students who are non-residents of California pay an additional $10,000 per semester. Over the course of four years, that’s $80,000!
EB-5 visa holders—I’m happy to say—can qualify for the lower resident university tuition, as long as they live in the state for at least a year before the student begins school. The reason why the EB-5 program can qualify you for state residency highlights the essential difference between the EB-5 program and other avenues to U.S. immigration. And here’s the reason: the EB-5 visa isn’t really a visa, technically speaking. The EB-5 program gives investors and their families Green Cards, making them legal residents of the United States.