challenge learning in foreign countries for indian - High Financial Burden

 

High Financial Burden

One of the biggest challenges Indian students face while studying abroad is the heavy financial pressure.

---

💰 1. Extremely High Tuition Fees

• USA: ₹25–60 lakh per year (depending on course & university)

• UK: ₹18–35 lakh per year

• Australia/Canada: ₹15–30 lakh per year

• Medical, MBA, and STEM programs cost even more

For middle-class Indian families, this often means:

• Education loans

• Selling assets

• Using family savings

---

🏠 2. Rising Living Costs

• Rent is very high (especially in Canada, UK, Australia)

• Students spend ₹8–15 lakh per year on:

  • Accommodation

  • Food

  • Transport

  • Health insurance

  • Utilities

In countries facing housing crises, students share overcrowded apartments to reduce cost.

---

💱 3. Currency Exchange Pressure

• Rupee depreciation increases total expense.

• Even small currency fluctuations can increase loan repayment burden.

Example:
If ₹1 = $0.013, a small change affects total repayment significantly over time.

---

📉 4. Education Loans & Long-Term Debt

• Many students take ₹30–70 lakh loans.

• Repayment starts soon after course completion.

• If job market is weak → financial stress increases.

• Interest accumulates even during study period (in some cases).

---

⚖ 5. No Guarantee of Return on Investment (ROI)

• High investment ≠ guaranteed job or PR.

• Some graduates work survival jobs initially.

• If student returns to India, salary may not match loan repayment burden.

---

🧠 6. Mental Stress Due to Financial Pressure

• Students work part-time while studying full-time.

• Balancing work and academics affects performance.

• Constant pressure to “recover investment.”