Default of student loans in India is around 8% which is about 1 Billion USD. Source http://www.dnaindia.com/money/report-banks-learn-a-hard-less...

Default of student loans in USA is around $1 trillion.

Isn't this what is called comparing Apples and Oranges.

Alright. Let me list down some immigrants who came here on H1B visa.

1. Jyoti Bansal - Founder of AppDynamics The guy in the above mentioned article was on H1B.

2. Kevin Systrom - Cofounder of Instagram was on H1B visa.

3. Jay Scaler - Founder of ZScaler an unicorn, was on H1B visa

4. Vinod Khosla - Founder of Sun Microsystems and well known VC was on H1B visa initially

Will list down some more in some time.

In fact H1B has to work for an employer and can not founder a company(at least easily or legally), you have to earn your permanent residence first, which takes quite a few years at least.

Correct. Many don't come right away to make a startup, they work, get contacts&experience and then the startup appears.

Yup.

It's a shitty system that locks you in to working for other places for years.

>Vinod Khosla - Founder of Sun Microsystems and well known VC was on H1B visa initially

The H-1B visa was created in 1990. Khosla started working in the U.S. in 1980 after graduating from Stanford, and founded Sun in 1982. It seems doubtful he was ever on an H-1B.

> 2. Kevin Systrom - Cofounder of Instagram was on H1B visa.

I don't think that's correct.

He probably meant the other cofounder Mike Krieger. http://www.businessinsider.com/instagram-cofounder-mike-krie...

By "Jay Scaler" do you mean Jay Chaudhry?