The number of parents sending their children for an overseas higher education has been trending, with approximately 62 percent stating to have sent their children to foreign universities in 2017, compared to 47 percent in 2016, according to a study.
The results are based on a study of more than 8,000 parents across 15 nations which revealed that 42 percent of parents would contemplate sending their children to foreign universities as opposed to 35 percent in 2016.
Parents in Asia tend to place greater focus on the competitive advantage foreign universities can offer their children which include international work experience, foreign language skills development, exposure to new experiences, ideas and cultures.
In addition, they recognise the need and importance of having an education, particularly in today’s fast-changing knowledge economy and competitive labor market. As such, they have been escalating the trend with India taking the lead at 62 percent of parents doing so, followed by Indonesia at (61), China (59), Hong Kong (52), Malaysia (51) and Singapore (47), according to a HSBC report.
In general, the United States is the desired international education destination (47 percent) followed by Australia, Britain, Canada, Germany and France. Approximately 73 percent parents are looking into an overseas higher education for their children and are prepared to make a compelling financial contribution for it.
Source: New Indian Express