Sep 11 2014 : The Times of India (Delhi)
Oz costliest for foreign studies, India cheapest
Mumbai:
TIMES NEWS NETWORK
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Australia has once again emerged as the most expensive overseas education destination for students followed by Singapore and India the cheapest in a study conducted by a global bank. Last year, Singapore ranked sixth on the list.The survey across 15 countries says while an international student in an Australian university spends $42,093 a year, including university fees and living cost, in India the total cost works out to just $5,642.
India was included in the study only this year, which has not taken into account the cost of education at Ivy League colleges.
K P Singh, an overseas studies counsellor, said, “Singapore’s dollar is growing at a faster rate and therefore education there is becoming increasingly expensive. The dollar rate has grown almost three times in the past three years.” The study, for which surveyors spoke to over 4,500 parents across countries, also examined their attitudes and behaviour towards children’s education. Around 62% of the Indian parents said the US provides the best quality of education followed by the UK and Australia. While Australia has retained its top position second year in a row, this year, the second most expensive place is Singapore. In the survey carried out last year, the US, the UK, the UAE and Canada stood at the second, third, fourth and fifth positions.
The study , this year, also ranked the quality of education offered in these 15 nations and US emerged as the most preferred destination in terms of quality among parents. India, however, ranks eighth in terms of quality of education provided with only 5% of the respondents putting it up in their top three choices.
The research was conducted by the HSBC Bank.
Data was collected on the basis of average tuition cost for international students in top 10 largest institutions in each country. Cost of living has been calculated taking into consideration inflation.
All these nations do offer scholarships for overseas students, but they are very limited and do not exceed 1015% of the total number of international students studying there, said Singh.
India was included in the study only this year, which has not taken into account the cost of education at Ivy League colleges.
K P Singh, an overseas studies counsellor, said, “Singapore’s dollar is growing at a faster rate and therefore education there is becoming increasingly expensive. The dollar rate has grown almost three times in the past three years.” The study, for which surveyors spoke to over 4,500 parents across countries, also examined their attitudes and behaviour towards children’s education. Around 62% of the Indian parents said the US provides the best quality of education followed by the UK and Australia. While Australia has retained its top position second year in a row, this year, the second most expensive place is Singapore. In the survey carried out last year, the US, the UK, the UAE and Canada stood at the second, third, fourth and fifth positions.
The study , this year, also ranked the quality of education offered in these 15 nations and US emerged as the most preferred destination in terms of quality among parents. India, however, ranks eighth in terms of quality of education provided with only 5% of the respondents putting it up in their top three choices.
The research was conducted by the HSBC Bank.
Data was collected on the basis of average tuition cost for international students in top 10 largest institutions in each country. Cost of living has been calculated taking into consideration inflation.
All these nations do offer scholarships for overseas students, but they are very limited and do not exceed 1015% of the total number of international students studying there, said Singh.
