You are currently viewing Student Loans For Americans: Is Attending Colleges Abroad The Answer? Why Pay $50,000 to $200,000 For The Same Degree You Can Obtain Abroad For Free?

Student Loans For Americans: Is Attending Colleges Abroad The Answer? Why Pay $50,000 to $200,000 For The Same Degree You Can Obtain Abroad For Free?

Studying in America can exhaust your finances. Studying abroad might be the solution for Americans who want to continue education but may not have sufficient funds for it. You may get tempted to attend college in America because of the student loans available. However, many Americans prefer not to take these loans and instead study in colleges abroad, sometimes even for free. Read ahead to find out if attending colleges abroad is the solution when you can get the same degree from both places at a different price.

The Mounting Burden of Student Loan

Did you know that Barak Obama paid off his student loan only in 2004? 44.7 million Americans owe approximately $1.6 trillion in outstanding student loan debt. You may graduate from college but the student loans you take will continue to haunt you for years to come. Many Americans have spoken out about the horrors of student loan debt. Student loan has been cited as one of the main reasons why most graduates put off marriages or starting families. Instead, they spend their youth earning enough to pay back the loan. You must consider these facts before you decide to go to college in America. Is going to college in America really worth the opportunity cost?

Scholarships Abroad Are Endless

Fortunately, there are many other countries you can choose to study in. Countries like Germany, Norway, Sweden, and some others in Europe offer free education to international students. However, there is no such thing as a free lunch. You will still have to pay for the living expenditure and will be required to learn the local language to avail this opportunity.

Other Savings

As a student abroad you will find various discounts and a much more accommodating environment as compared to the USA. Not only do Americans have to pay a huge sum for tuition, living expenditure and health insurance are also extremely expensive. Universities abroad on the other hand offer health insurance a better quality of life at a much lower cost.

The Experience You Gain Abroad is Incomparable

Studying abroad will allow you to not just learn in the classroom but also gain meaningful life experiences outside. As you socialize with people from different ethnicities and backgrounds you will realize how disconnected American education is from the rest of the world. Stepping out of your comfort zone as a student is an important part of education which you will miss out on by staying in America.

As technology advances, building a successful career without a college degree can be challenging. But don’t let the fear of student debt make you miss out on college. Although an American college degree is one of the most sought-after degrees in the world, there are plenty of other countries you can go to for college and gain an equally good if not better education. Once you head back home after graduating, you will realize you gained the same level of education as your counterparts at a much lower cost. So, if you can gain the same degree from abroad, it is definitely not worth studying in the USA.


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