No offense. But, if you had financial problems with your school, how are you going to come up with $500,000?
In any case, no, you can not change your status in the US if you are out-of-status.
You will need to go to a US Consulate in your home country.
Talk to a lawyer quickly.
Franco Capriotti - Senior Legal Counsel & Former Professor of Immigration Law - Capriotti International Law - firstname.lastname@example.org
Our services are not limited by State, nor International bounderies. Our licenses allow us to represent people worldwide.
Do not rely completely on information you get on any website. It is always wise to consult personally with an immigration attorney before taking action.
Consider contacting one of the attorneys on Avvo, or www.ailalawyer.com - If you are low income go here: www.justice.gov/eoir/probono/states.htm or http://www.immigrationlawhelp.org/
Capriotti International Law
FORMER IMMIGRATION LAW PROFESSOR -- LEGAL DISCLAIMER: This answer is offered for informational purposes only. It does not constitute an attorney-client relationship.
If you are out of status you cannot change your status to a legal status under the EB-5 basis. You would have to leave the U.S. and apply for a visa. Once you leave the country, you would be subject to the 3 or 10 year unlawful presence bars and you could be stuck outside of the U.S. for up to 10 years, absent obtaining a waiver.
Your parents may be able to sponsor you, but you would still have to leave the country first, unless they are citizens, in which case you could qualify for filing a waiver under the provisional waiver program, although it has not yet been implemented.
Consult with a competent attorney or BIA-accredited representative.
Daniel Green, Esq.
Serving the Hudson Valley, Northeast, and the World Beyond
Location: 684 Aaron Court, Kingston, NY
Mailing Address: PO Box 3238, Kingston, NY 12402
This answer should not be construed as legal advice and should not be relied on to take any action whatsoever; neither does it create a lawyer-client relationship.
You will want to set a consultation to fully review your options. As noted, you do not have the option of adjusting from within the US after an overstay (unless you are an immediate relative - spouse or parent of a US citizen). You may want to review what options will work for you, both short and long term.
FYI - just applying to be in an EB-5 program isn't enough. The funds have to be committed to the project and proof of receipt of funds has to be provided to USCIS. And the program sponsor has to affirm your status as an eligible, accredited investor.
The foregoing is not legal advice nor is it in any manner whatsoever meant to create or impute an attorney/client relationship.