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Part deux: What Asian students go through once they get their degrees from American Universities. They go down the rabbit hole of America's broken immigration

by titomc 10y ago

Part deux: What Asian students go through once they get their degrees from American Universities. They go down the rabbit hole of America's broken immigration system, starting with OPT visa, then H1B (read lottery luck, not based on skills) & then the country based quota for green card currently 7 to 9 years for EB2 categories for India & China. Did I forgot to mention the exorbitant out of state tuition fees and the loans they took for it in their home country ?

wolfgke 10y ago
The students characterized in this article come from rather prosperous families.
deleted 10y ago
[deleted]
xyzzy4 10y ago
You don't have to pay back loans if you don't return to your home country.
- Flammy 10y ago
  The lenders are not idiots. I'm very sure they either are signed by their families or they have other ways of enforcing collection.
  - xyzzy4 10y ago
    A lot of lenders are idiots. My evidence is the 2008 subprime lending crisis.
    - titomc 10y ago
      2008 subprime lending crisis happened only in America. Lets think outside of America for this one. Lenders outside America are not idiots. Most of them lend on a solid collateral and someone from the family will have to have co-sign the loan, especially if its a huge sum.
    - GFK_of_xmaspast 10y ago
      You mean the ones who made the bad loans and immediately turned around and sold them to be somebody else's problem?
zumu 10y ago
> Did I forgot to mention the exorbitant out of state tuition fees and the loans they took for it in their home country ? I had a lot of close Chinese(PRC) friends in college, and most of them were extremely rich. I know it's anecdotal, but I find it hard to believe a lot of Chinese exchange students are going deep into debt to afford US schools. From what they describe, the student visa interview process favors financially sound students. That being said, what you've said about the visa system rings painfully true.

by titomc 10y ago

wolfgke 10y ago

The students characterized in this article come from rather prosperous families.

deleted 10y ago

[deleted]

xyzzy4 10y ago

You don't have to pay back loans if you don't return to your home country.

Flammy 10y ago
The lenders are not idiots. I'm very sure they either are signed by their families or they have other ways of enforcing collection.
- xyzzy4 10y ago
  A lot of lenders are idiots. My evidence is the 2008 subprime lending crisis.
  - titomc 10y ago
    2008 subprime lending crisis happened only in America. Lets think outside of America for this one. Lenders outside America are not idiots. Most of them lend on a solid collateral and someone from the family will have to have co-sign the loan, especially if its a huge sum.
  - GFK_of_xmaspast 10y ago
    You mean the ones who made the bad loans and immediately turned around and sold them to be somebody else's problem?

zumu 10y ago

> Did I forgot to mention the exorbitant out of state tuition fees and the loans they took for it in their home country ? I had a lot of close Chinese(PRC) friends in college, and most of them were extremely rich. I know it's anecdotal, but I find it hard to believe a lot of Chinese exchange students are going deep into debt to afford US schools. From what they describe, the student visa interview process favors financially sound students. That being said, what you've said about the visa system rings painfully true.