2nd Common Myths Indian Parents Have About Studying Abroad -“Studying abroad is only for rich families.” main reason

 

Main Issues Behind the Myth: “Studying abroad is only for rich families.”

1. Lack of Awareness About Scholarships

Parents often don’t know that:

• Many countries offer 100% tuition scholarships

• Universities give merit-based, need-based, and country-specific scholarships

• Private and government bodies offer funding for Indian students

---

2. Misunderstanding of Actual Costs

Families hear inflated numbers (20–30 lakhs per year) from relatives without knowing:

• Many programs cost 5–10 lakhs per year

• Countries like Germany, France, Italy, Norway offer low or zero tuition fees

• Living costs vary widely across countries

---

3. Comparing Only Expensive Destinations

Parents assume every country is like the USA or UK, but ignore affordable options such as:

• Poland

• Spain

• Czech Republic

• Latvia

• Lithuania

• Malta

• Portugal

• Japan (affordable for STEM)

---

4. Ignorance About Education Loans

Many parents are unaware that:

• Indian banks offer education loans up to ₹50 lakhs

• Government schemes like Vidyalakshmi reduce interest burden

• Collateral and non-collateral loans are available

• Loan repayment starts after employment, not during studies

---

5. Not Knowing Students Can Work Part-Time

Parents don’t realize students abroad earn via:

• On-campus jobs

• Part-time work (20–40 hours/week depending on the country)

• Paid internships

• Summer work permits

This income helps cover rent, groceries, and personal expenses.

---

6. Influence of Relatives & Society

Relatives amplify myths like:

• “It costs 50 lakhs minimum.”

• “Only rich people can send kids abroad.”

• “Middle-class cannot survive abroad.”

These statements are often based on old information or assumptions.

---

7. No Understanding of Return on Investment (ROI)

Parents don’t think long-term. They miss that:

• Students earn 2x to 10x higher salaries after studying abroad

• International degrees offer global job opportunities

• ROI becomes positive within 1–3 years after completing studies

---

8. Lack of Clear Information from Trusted Sources

Without guidance from institutes like Career Crafters, parents get information from WhatsApp, YouTube, or relatives, leading to incorrect cost assumptions.

---

9. Fear of Hidden Expenses

Parents think costs will keep adding up. But most universities give:

• Fixed tuition fees

• Accommodation packages

• Health insurance details

• Budget breakdowns

---

10. Attachment to Indian Education Norms

Many parents compare foreign education costs with Indian university fees, without understanding the global quality, exposure, internships, and career benefits.

# Studying Abroad -“Studying abroad is only for rich families.”  ?