Extracts from HSBC Report as Published on CNN.COM
Study abroad is exciting, its not only about listening to a Harvard Professor but also about flying solo, exploring new places, experiencing new cultures, making friends from abroad and lot more. Parents readiness is essential in a child's career. I remember, when I was 14, my parents not allowed me to travel for 1 Day Mathematics Olympiad examination, only some 70kms from home. I was studious, I felt broke, mistreated, heck there was non to help me and make my parents understand. Times have changed now. Parents are more open and hence party time for Generation Z.
The CNN said in its exclusive report, that HSBC has surveyed some 8500 parents from 15 countries and territories and found 42% of those are ready to send their teens abroad for college degree.
The most preferred destination for study abroad are United States (US), United Kingdom (UK) and Australia.
In 2016 the number of parents ready to send teens for abroad was 35% which rise this year to 42 %.
Parents from India, China, Hong Kong, Malaysia, Indonesia and United Arab b Emirates are much likely to send kids for foreign education. the surveyed, some parents expects tuition cost in US institutions to be $11K per year while in reality its $33k a year. A four year college degree in US costs nearly $180 000 including living expenses.
Shout Out Study Abroad Questions using comment form below.