L1, the largest visa processing company in the world, said on Thursday that it will raise the annual number of students it accepts by 10 per cent from 6,000 to 12,000.
The company said it will also increase the payment of visas from $1,500 to $1.75, the average price paid by students at US colleges and universities.
It said it would also increase its payment for student visas by $500 to cover the cost of more than 200,000 students, who are not eligible for L1 visas.
“As the world moves from a world of open borders to a world that is still very much closed, we have to be mindful of how we manage the opportunities for international students and those who want to stay here,” said Peter Kloos, president and CEO of L1.
He added that the company will also offer a new offer for international student visa holders who have worked in the US for six months, but are currently unemployed or working overseas.
L1 said it is looking at ways to make its global students more competitive with its domestic students, but it did not say how.
Under L1’s new offer, the company said, its students will be able to earn up to $15,000 a year, up from $10,000, for up to a year.
Students will also be able earn up in excess of $1 million in the first year of the offer, up to up to two times their earnings.
Other changes to the L1 student visa program include a new “pay for work” offer for people in jobs in which they do not need to work and a requirement that students have a work visa for up-to three years.
Kloos said L1 will also add more visas to its list of top global schools, which includes Columbia University, Harvard University, MIT, Princeton University, Stanford University, Oxford University, and Cornell University.