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Overseas Education: Why Should You Consider It?

May 9, 2022Priyanka Adhikary
A recent graduate hugging her mother after completing her overseas education

The importance of a good education in a person’s life cannot be stressed enough. It can curate one’s career and take it to great heights. This is one of the reasons why many are now opting for higher education not only locally but overseas as well. Overseas education not only gives students exposure to different cultures and other life experiences but may help them achieve a competitive edge over their peers. While it has its own share of benefits, it may also have some limitations.

Benefits of Overseas Education

Overseas education can help one learn new career and life skills that can be useful for professional and personal growth. Some of the other benefits of overseas education are given below:

Experience Different Cultures

Overseas education can help you learn a lot about a new culture and way of living. This new experience can be quite enriching and beneficial for you, as experiencing different cultures can expand your knowledge horizon and let you see things from a new perspective. From trying new food items to enjoying local activities, and a lot more, overseas education can let you experience a different culture firsthand.

Experience Different Styles of Learning

Doing education overseas can give you the chance to experience not only diverse cultures but also diverse styles of education. This means, when you enroll yourself in a foreign institute, you may get to see and learn a different perspective of the subject you want to major in. To get the most out of this journey, it is imperative to select the right school that can mold you to your best version.

Learning New Languages

One of the major benefits of studying abroad is that you may end up being fluent in the language of your host country. Knowing a foreign language can always be a plus point and a skill that you can utilize in your career. For instance, if you are not from a country where English is widely spoken, then by studying in a country like the U.S or the U.K, you can polish and develop your English speaking and writing skills. Similarly, if you move to France or China, you can learn the native languages and use them to your advantage professionally.

Global Career Opportunities

By studying abroad, you can improve your career prospects. Graduates with international education are also quite valued by several organizations across the world. This means, not only will you be able to explore job opportunities in your home country, but also check them out in your host country. Overseas education can even bring out the best in you when it comes to things such as overcoming challenges of staying away from family, gaining a better perspective of the world, ability to bond with people from different cultures, among others. These features are often desired by several modern businesses in their hiring processes.

Limitations of Overseas Education

While the advantages of overseas education are plenty, it can also bring forth a few challenges. To know more about some of these limitations, check the points below:

Language and Cultural Differences

While studying overseas can provide you the opportunity to learn and become fluent in a new language, the same benefit can become challenging initially. When you move to a new place, the first issue that you might face is the language barrier. You may feel this limitation to a greater extent, while arranging your accommodation, creating a bank account, finding locations, among others. You may also face cultural differences initially.

Cost of Studying

The cost of overseas university education can be highly expensive, especially if you are moving to a country where the cost of living is high. While a scholarship can somehow reduce the education-related costs, one may still have to incur food and accommodation costs. To avoid facing such issues, it is advisable to plan your overseas education before and to check the costs. You can also take an education loan to fulfill your dream of studying abroad.

Planning and Funding Overseas Education

If you are someone who is keen on continuing your studies abroad or want to fund your child’s or loved one’s education overseas, then the following factors can be helpful to know:

Take Stock of Your Current Savings:

It can be ideal to check and calculate the current savings to know its current worth and to get an idea about how useful it will be in the future. This can help you map the trajectory of the expenses related to overseas education better. You can even discuss it with your financial advisor to know which savings scheme and investments would offer favorable outcomes.

Create a Workable Savings Plan:

If you are planning to send your child to complete his or her education overseas in the future, then you may want to create a workable savings plan. You can estimate the tuition fee that might be needed in the future and accordingly create an investment strategy that can help you set aside those funds.

Invest in Assets That Would Grow Over Time:

While investing, explore investment options that would grow over time. There are several products that also offer fixed returns. You can discuss your goals with your financial advisor and invest as per your financial needs and risk appetite.

Consider International Banking for Ease of Finance:

You can build your financial resources over time to fund your child’s education overseas. To make the process easier, you can consider doing international banking and setting up an overseas account that will let you carry out different transactions with ease.

Overseas education can help students in various aspects of their professional lives. There are several renowned universities and institutions across the world that one can explore and check before enrolling in one. It must also be noted that to enroll in one, the individual might have to appear for additional tests and screening processes. Once these factors are taken care of along with the costs, proceeding to fulfill your overseas education dreams won’t be a hassle.

Frequently Asked Questions

How much does overseas education cost?

The cost of tuition fees and other education-related expenses can vary across colleges and universities worldwide. While you can apply for a scholarship to cut down your tuition fees, you will still need enough to pay for your living and food expenses.

Is studying overseas worth it?

Studying overseas can be worthwhile due to benefits such as - exposure to different cultures, learning and developing new skills, understanding of things from a different perspective, competitive edge in career, more career opportunities, among others.

What does studying overseas mean?

Studying overseas means going to a foreign country to pursue education. Typically, students opt for overseas education to complete their graduate, postgraduate and doctorate degrees.

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