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College and University Discussion
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Hello - I’m in a dual US-UK national family, and fortunate have the option to consider overseas college at local rates, w[b]hich are lower than any in state tuition fees here[/b]. Our college savings right now would cover the whole degree. We’re not on track to do this at US prices. We’re thinking about moving as a family to get local residency, which would mean during the last few years of high school overseas. While this is disruptive, it also means LO graduates with no debt and can choose a career based on interests, not debt payments. Is this bananas? We have lived and worked in both countries, and both of our careers are at a decision point where we could transition. Biggest downside would be LO having to make new friends at a new school.[/quote] You may be wrong about that. Things have changed a lot in the last few years, as European universities have grown increasingly frustrated with Americans seeking to avoid paying $90,000 a year by studying abroad (I have a child at Oxford). Currently, Oxford is $37,350 to $62,820 POUNDS a year for tuition alone. housing is $18,945 pounds a year for a total of $81,835 pounds a year = same as any American private is now charging. If you can go back as a resident, you may get a break, but then you have to meet the A-level requirements to get into Oxbridge - it is less holistic and more merit-based. I recommend you hire a consultant as we did if you are aiming for Oxbridge. [/quote] Yes, all this is true. It's not the huge saver it once was. International Fees have risen in the past 5 yrs from about $25k per year tuition which it used to be for a long time. And accommodation is a lot more expensive because the Uk universities have grown exponentially and this puts pressure on college owned residences and the private sector. My DD is paying about 10k for accommodation and about 35K for tuition and her course is 4 yrs so the net effect is very close to what were our in state options in the US.[/quote]
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