Are We Crazy for Questioning a $250k US Degree and looking abroad?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Hey everyone,
Following up on the conversations I see around here and other places about why more US students are looking at universities overseas. I've been going down the rabbit hole on this with my husband and my kids. My son is a Junior and daughter a Freshman. Thye have both brought up the possibility of maybe going abroad for college. My husband went to grad school in the UK and Italy so he is all for it. I’m not yet sold on it.

While it's tempting to focus on the positives, I think it's smarter to start with the real-world downsides. The biggest one for me is the career question. Let's be honest, if you go to Oxford, Cambridge, or LSE, your degree will open doors anywhere. But what if you go to a really solid, but less famous, university in the UK, Netherlands, Italy or Canada? How do grads from those schools do when they try to find a job back in the States? I worry that a hiring manager in, say, Chicago might just toss a resume because they don't recognize the school's name.

You're also thousands of miles away from US-based career fairs and the alumni network that helps people land their first job. A college consultant who specializes in EU/Canadian and UK schools actually told us that outside of Oxbridge and LSE/Imperial, we should focus only on the top 12 schools in the UK or the top 3 in each of the other EU countries. Her reasoning was that all US grad schools and the vast majority of top US companies know these specific schools, even if the general public doesn't. She said the real issue is with local or regional employers who won't recognize the name. But her point was, if your goal is to work for a local company back home, then why go abroad in the first place?

Beyond that, you're obviously giving up the traditional "American college experience." The whole campus life, dorm culture, college sports, and clubs are just a different world over there. And we can't ignore the personal side. It's a huge move. You have to deal with visa paperwork, international banking, and the very real possibility of getting homesick and not having your support system a quick flight away. It’s a serious trade-off that goes way beyond academics. This mom is a little concerned.

Now with the scary stuff out of the way, the pros are still massive. The most obvious is the cost, which is just staggering. We're talking about the potential to get a degree for a price that's less than a single year at some private US colleges. The math is pretty compelling: with many EU public universities having tuition at a fraction of US schools, the savings are life-changing. Specially if you are able to invest that savings on behalf of your kids for when they graduate. But beyond the practical stuff, I realize there's the huge benefit of actually living in a different culture for three or four years. I have to imagine that navigating a new country, becoming more independent, and seeing the world from a completely different perspective forces you to grow as an individual in a way that staying in the US just can't replicate. For kids with an interest in global business, History, Languages or international relations, this experience seems like a no-brainer. You'd be living and breathing cross-cultural communication and could potentially pick up another language, skills that can really set you apart.

But the last piece of the puzzle I was curious about was the return plan. It seems like coming back to the US for a graduate degree is a well-worn path. US Master's programs and even J.D. programs are very used to seeing applicants with international degrees. I wonder how many kids simply stay in Canada/EU/UK after graduation. Would love to hear from parents here who have had this experience before with their kids.

Sorry for the long post.

We questioned this. But left the decision to our kid. Today she decided to go to England and forgo a $100k top 30 private uni per year. We could have afforded the 4 yrs, but she asked and we agreed to save that difference for her grad school in the future.

Same. Fortunately, we know the parents of a few graduating CS and Econ StA students this year who held the same worries 4 years ago. Their kids all experienced strong on campus recruiting and landed top tier jobs back in the states. Hopefully this helps ease concerns.

[Anonymous]

Good to know. We were told they started doing US Recruiting Trips in the last two years or so. Given the number of US students there it is just a matter a of time before they open a placement office in the US.

[Anonymous]

Anonymous wrote:It makes sense if one of the reasons for doing it is to broaden the kid’s experience by living abroad or some other similar reason (e.g., learning a foreign language).

It makes very little sense if it’s purely to save money. Yes, these foreign schools have a sticker price that’s a fraction of the sticker price of an American private school. But dig deeper & you will find the foreign schools have expensive transportation costs, crappy living conditions (most foreign universities think undergrads should live in hovels), pressure-filled degree programs (everything’s based on a few major exams), & isolated social lives (often not a lot of locals are eager to be buddies with Americans). (None of these drawbacks really apply to Canadian universities, which aren’t all that different from schools in the US.)

If the goal is just to save money, I’d recommend your in-state publics or a solid American public university in another state that has a low sticker price & gives good merit aid to bring the net price down significantly (Arizona, Kansas, Florida State, Nebraska etc).

—American who attended universities in US, Canada, & Scotland

What if your kid wants a international business exposure and your state has a below par public?

My son with to ESCP and graduates next month. Spent one year in Paris, one year in Madrid and now in London. He already has a job lined up in Switzerland. He had the experience of a lifetime and it cost us $50k TOTAL for the degree…..hard to beat this….

He has great friends at every continent and wouldn’t trade his experience with his sister (at a T30 Public) for anything….