Why Study in the United States?
EB-5 investors know they can live and work in the United States, but there is another huge advantage to the EB-5 investment program that does not get as much attention – and it should. Education is the key to success. EB-5 investors, their spouses and unmarried children under age 21 can also study in the United States; an American education offers great future opportunities.
In the United States, a home’s value is tied to the quality of the local public school. If you are an EB-5 investor living in the U.S. with children, look for a home in a district with a top-rated public school. While you can do much of this research yourself, your real estate agent should also help you. Good public schools have a strong academic focus and offer many extracurricular activities, such as sports and clubs. These are good ways for your children to make new friends and become part of the community. Public schools are paid for via property taxes, so you do not pay tuition costs per se.
The United States also offers many private school choices for parents seeking such an education for their children. Some private schools are religious, and there are many institutions with differing denominations throughout the United States. While private education for those in kindergarten through eighth grade is generally in day school, if your child is in high school, you might consider an elite boarding school. These preparatory, or “prep” schools, prepare their students for college, and many students go on to Ivy League and other top colleges and universities. Parents must pay tuition for these schools, which are governed by a board of directors. Elite co-ed prep schools in the US include Choate/Rosemary Hall, Hotchkiss and Kent Schools in Connecticut, Peddie School in New Jersey, Deerfield Academy, Middlesex and Groton Schools in Massachusetts, Phillips Exeter Academy and St Paul’s School in New Hampshire, Lake Forest Academy in Illinois, Oak Grove School in California, Randolph Macon Academy in Virginia and the Putney School in Vermont.
Many top boarding schools are single sex. For boys, these include Georgetown Prep, a Catholic school in Maryland, Avon Old Farms School in Connecticut, the Phelps School in Pennsylvania and Trinity-Pawling School in New York. There are also various military academies, primarily for male students, including Valley Forge Military Academy in Pennsylvania, Riverside Military Academy in Georgia and the Marine Military Academy in Texas.
The top female-only boarding schools include the Dana Hall School and Stoneleigh-Burnham in Massachusetts, the Emma Willard School in New York, the Ethel Walker School and Miss Porter’s School in Connecticut, Foxcroft School and Madeira School in Virginia, Oldfield in Maryland, and the Santa Catalina School in California.
Top US Colleges and Universities
Parents around the world dream of sending their children to the great American colleges and universities. The Ivy League schools – Brown, Columbia, Cornell, Dartmouth, Harvard, Princeton, Yale University and the University of Pennsylvania. These universities are all located in New England or the Mid-Atlantic States. However, there are many other world-class universities in other parts of the country, including Stanford University and the California Institute of Technology in California, the University of Chicago in Illinois, Duke University in North Carolina, Vanderbilt University in Tennessee, Rice University in Texas and the University of Notre Dame in Indiana. That doesn’t count the other top schools in the Northeast, such as New York University, the Massachusetts Institute of Technology (MIT), Brandeis University. The list goes on.
There are also plenty of smaller, top-ranked colleges for students who prefer a smaller campus setting, such as Swarthmore and Haverford Colleges in Pennsylvania; Amherst and Williams Colleges in Massachusetts; Sarah Lawrence, Bard and Vassar Colleges in New York, Bowdoin College in Maine – again, just a small sampling of top schools. For women who prefer to learn in a female-only environment, top colleges include Barnard, Bryn Mawr, Mount Holyoke, Smith and Wellesley.
State Schools and In-State Tuition
The United States also has many first-rate state universities. Among the best are Rutgers University in New Jersey, the University of Michigan, the University of Virginia, the University of California at Los Angeles (UCLA) and the University of California, Berkeley, and University of California, Santa Barbara, the University of North Carolina at Chapel Hill, and many more. These schools offer a quality education at an affordable price if the student lives in the state and qualifies for in-state tuition. EB-5 investors, their spouses and minor children should qualify for in-state rates. That means your child can receive an excellent education at a relatively inexpensive price, even if they do not qualify for scholarships or financial aid.
Since EB-5 investors can bring only unmarried children under age 21 to the United States with them, graduate school for your children is not generally an option, since most graduate students are age 22 and up. However, the opportunity for an EB-5 investor or spouse to attend a U.S. graduate school is another compelling reason for an individual to consider an EB-5 investment. If you enroll for a master’s degree or Ph.D. program in a public university in the state in which you reside, you may qualify for in-state tuition.
How Lightstone Can Help
Lightstone can help make your dreams of a US education for yourself, your spouse or children come to fruition. We currently have US $6 billion assets under management and development. To date, Lightstone has more than US $400 million of EB-5 capital raised for seven successful projects. Our collaboration with top brands, such as TAO Group and Marriott, have resulted in projects located in top real estate locales. Our proven track record means you can put your trust in Lightstone as an EB-5 investor.