Although the US is an expensive destination, it is the top choice for Indian parents who would consider university abroad for their wards, according to a report.

HSBC’s ‘The Value of Education Foundations for the future’ report has revealed 58 per cent of the parents had USA in their top three destinations list among 50 countries.

This, notwithstanding that the US is also the most expensive destination, with average annual tuition fees of $33,215 per year for international university students.

The report represents the views of 6,241 parents in 15 countries around the world, including Australia, Canada, China, Egypt, France, Hong Kong, India, Indonesia, Malaysia, Mexico, Singapore, Taiwan, United Arab Emirates, United Kingdom and the United States.

For Indian parents, the top three countries where they are most likely to send their child to university are the USA, Australia and the UK, the report said.

When parents were asked for the top three reasons to best explain why they would chose an international university education, more than half (57 per cent) said it was for the international work experience, 57 per cent said it would increase confidence while 53 per cent said it was for the exposure to new experiences, ideas and cultures.

Source: The Indian Express