The Cost Of Undergraduate Education
September 25, 2014 Leave a comment
In the HSBC survey The Value of Education: Costs Vs Quality India as emerges as one of the least expensive destination for undergraduate education among 15 nations and Australia, Singapore and USA top the cost chart.Over 4,500 parents in 15 countries and territories were surveyed to examine parents’ attitudes and behavior towards children’s education around the world.
The average annual cost including university fees and living expenditure of an undergraduate international student in India is $ 5,642, of which $ 581 is university fees. At $ 42,093 a year, Australia – a hugely popular destination for Asian students – is the most expensive option globally followed by Singapore at $ 39,229 and USA at $ 36,564. Overseas students need to spend on an average $ 35,045 a year for undergraduate studies and living in the UK, according to the survey.
Education costs are lower in emerging markets such as India because the state-run universities are heavily funded by the government and also the cost of living for overseas students is lower.
Perceived quality wise, USA tops the list globally. In India,4 out of 5 parents want their children to study abroad rather than in the country because of the quality of education, global exposure and to find a job abroad.
So now you have an idea of how much educating your child abroad at the undergraduate level will cost.