‘The Value of Education: Foundations for the future’ report reveals that 48% of the participating parents in the survey named the United States as their preference. United Kingdom and Australia were listed second and third preferred destinations.
Though imparting education at United States is expensive and costs an average of USD 33,215 annually (tuition fees only), parents prefer the US over other countries. 12% parents from China, 12 % from UAE and 10% from India voted for US in the survey.
When asked about why parents considered the US over other countries for international education – 59% of the parents considered the quality as deciding factor whereas for 29% students from US have better job prospects.
Allan Goodman, President and CEO of the Institute of International Education, commenting on the results said, “Students and parents consider a university education in the USA as a good investment because they have access to the largest choice of excellent colleges and universities and to the English-language skills that are so critical in today’s job market.”
He added that "the U.S. is home to the largest group of higher education students from around the world, welcoming some one million students in the 2014/15 academic year, who contributed about US$30.8 billion to the country’s economy over the same period from tuition and living expenses."
“Today, there are 4.5 million students enrolled in universities outside of their home countries, and it is estimated that the global population of international students could double in the near future, achieving approximately 8 million by 2025,”
“Better job prospects, exposure to new cultures, international experience and language skills are some of the most important benefits of study abroad. Ultimately, international students can get the assurances that attending a higher education institution abroad is an investment in the future.”
6200 parents from 15 countries participated in the survey which was conducted by the HSBC.
Source : www.studyinternational.com