I support this new rule to give STEM student 24 month of OPT Extension, and I think all other American should support it as well, because we are talking about 50,000 high quality consumers, because 50,000 STEM students can make money and spend in the U.S.. This is a big deal for American economics and improving job openings. Let’s do a simple math.
Without OPT extension, a STEM student will stay in U.S. for 1-2 years.. .и
With 24 month OPT extension, a STEM student will stay in U.S. for 4-5 years. (Let’s assuming they can find a job and qualified for OPT extension), he or she will:.--
1.Considering buy a car, since will stay here for 5 years = $8,000
2.Pay gas station for $1,200/ year
3.Pay rental apartment including untility $12,000/ year
4.Pay grocery store $5000/ year
5.Pay doctor/medical $500/year
6.Pay car+health+house insurance $1,560/ year
7.Pay travel/entertainment/shoping $1,800/ year
8.Pay tax $9,000/ year assuming annual salary $45,000
A STEM student annual expedenture for U.S. market and tax is around $31,060 and $93,180 for 3 years. Plus $8,000 a car per student, a STEM student may create consuming market and tax for $101,180 for 3 years
With 24 month of OPT extension, 50,000 STEM student may stay in U.S. for 3 more years, that’s a total value of consuming market and tax market for $5 billion.
I have rent 5 apartments for international student for 5 years. Most of them are STEM student with good pay. They are nice, quite, clean and may make payment on time. Think and do a math before making decisions.