A new Trump administration rule limiting how long international students can remain in the United States could cost the US economy up to $400 billion in annual output while weakening the country’s innovation and entrepreneurship, according to a report by the Peterson Institute for International Economics.
The rule, issued in July and due to take effect in September, replaces the long-standing “duration of status” policy with a fixed stay of up to four years for most international students.
Under the new policy, students seeking to continue their studies or remain in the country for post-graduation work must apply for an extension.
According to a post by the Economic Times on Wednesday, PIIE said the new policy gives US authorities greater discretion over whether international students can extend their stay under the Optional Practical Training programme, which allows graduates to work in jobs related to their field of study.
The report
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