Tuesday, August 30, 2011

Want to get a good education and avoid massive student loans? Go to school outside the US!

A recent study of the cost of schooling within the US, and the rise of inflation which has made borrowing for an education no longer justifiable to the average American, offers a potential option that not only allows for a Degree from a well-established university, but the change to grow ones horizons by experiencing other cultures.

The option is to go to school outside the United States.

Going to a school overseas ticks a lot of boxes– for one, it’s a hell of a lot cheaper, and you don’t emerge deep in debt like you would back home.
Second, the quality of the education is as good if not better than what you would otherwise receive.

Third, and most importantly, it’s just more interesting. The experience abroad will be much more fulfilling, and it will distinguish you from the pool of other candidates who all have generic resumes.

Let’s say you’re an Ivy League type. Why pay Harvard $52,000 per year when you can go to the University of Cambridge in England for around $19,000 per year? Cambridge is consistently rated as one of the top universities in the world: same quality education, a fraction of the price.

If that sounds like too much, consider a place like Hong Kong University. Tuition at Asia’s top school is around $15,000 per year, and there are plenty of scholarships and financial aid packages available. Not to mention you’d be networking with future movers and shakers in the region.

Still too much? Look at Erasmus University in the Netherlands, whose Rotterdam School of Management is one of the top business schools in Europe. Tuition in the all-English program is around $11,500 per year, 73% less than Notre Dame’s Mendoza School, and 26% less than Michigan’s Ross School of Business.

Still too much? Try Qatar University, where there are numerous English-language programs in disciplines such as business and engineering. Tuition for foreign undergraduates is just $4,000 annually, and you’d be spending formative years in one of the world’s most thriving, opportunity-rich economies.

Still too much? Try Albert Einstein’s Alma Mater, the Swiss Federal Institute of Technology (ETH) in Zurich. If you make the cut, ETH’s tuition fee is a whopping $750 per semester for both undergraduate and graduate programs, and the school is typically ranked among Europe’s top 5 universities. – Simon Black, the Sovereign Man

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