The technology business is back, if H-1B visas are any indicator. There was a rush for the specialty long-term visa this year, and on Friday the U.S. Citizenship and Immigration Services division said H-1B petitions exceeded the number of visas available.
The division held a computerized lottery on Sunday to distribute the visas in random fashion.
There are 65,000 H-1B visas available each year, and an additional 20,000 available to students from overseas who have received an advanced degree at a U.S. university. The USCIS said it received 124,000 petitions between April 1 and April 5, and that the cap was exceeded for both the general and advanced degree categories. Applicants for the advanced degree exemption who did not receive one were put into the general lottery.
I think they should swap the quota, ie., 65000 for advanced degrees and 20000 for general quota and instead of first-come first-serve basis, the application cost should be "directly" proportional to the demand..the highest bidder (, in this case the company) gets the piece of cake....just being honest..
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