Why is Donald Trump Great News for the Indian Student
Okay let us face it – you were not expecting him! You were also expecting to take the GMAT or the GRE for a Masters program abroad.
Here is the news that might surprise you – Trump might be better for you than Obama who actually imposed more regulations such as jacking up the H-1B fees.
Here are 3 reasons why Trump getting elected might actually be good if you are planning to study in the US soon for your MS or MBA.
1) The US Dollar Rates might tank
If you see historically, the dollar rates have been on the rise since the last 10 years. It means what would have cost 40 lakhs about 10 years ago is now going to cost about 65 lakhs.
But with Trump getting elected, the dollar rates might just go down. What this means for you is that your tuition rates might go down by 10-20%. So maybe 2017 is the best time for you to apply to a grad school.
Why would the dollar rates tank? That is simply because the markets (and the world in general) don’t know what to expect. It is one of those black swan events that hits you on a warm Wednesday afternoon.
2) He is not really against Indian Students
If you notice most of his election campaign rhetoric was against illegal immigrants. Building a wall was against Mexico and imposing trade restrictions was against China – nothing to do with India. The smart, educated (and benign) Indian students who go there, need not worry.
Here are a few comments he made to the Fox network:
“Whether we like that or not, they pay, et cetera, et cetera but we educate a lot of people, very smart people. We need those people in the country…….Many people want to stay in this country and then want to do that. I think somebody that goes through years of college in this country we shouldn’t kick them out the day they graduate, which we do,”
Read more about Trump’s comment:
So clamping down on those exploiting the H-1B visa, such as the IT companies in India, may actually help students who have put in their money and careers at stake to get a US education. To be honest, any change in the system is welcome because the current one is flawed.
Just read how students from top MBA programs have issues with the current quota system:
Here is how fast it takes for the H-1B visa ceiling to be hit!
3) Trump has been elected as the President – not a Dictator
Though Trump as the US Presidents does have certain powers vested in him through the post, he is certainly not a monarch.
Remember that the US system of government – divided among three branches: the executive, the legislative, and the judicial – is intended as a structural system of checks-and-balances. Though Trump’s presidential power will be vastly strengthened because his fellow Republicans retained control of the two houses of the US Congress: the House of Representatives and the Senate – he just cannot pass one crazy law.
The US government works a lot through Congressmen who lobby for certain bills to be passed. Do you think the companies such as Amazon are going to let him pass any legislation that restricts their growth potential? No way!
US is still the land of opportunities. Heck, if California were a country then it would have the 6th largest GDP in the world – ahead of France, India, Italy and Brazil.
Read more about America’s growing economy.
Plus it has an awesome University system – you don’t have many countries that can boast of a Harvard and an MIT in the same town – or a Silicon Valley with a Stanford and a Berkeley. This alone puts US as a go-to destination if you are looking at studying abroad.
Yes, H-1B visa issues will be contentious but Trump or no Trump can’t take away the opportunity to experience the education and culture that only the US of A can promise.
Planning for an MBA in US this year?
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