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Cost of an overseas education

Parents wanting to send their child overseas to study could fork out up to R1-million to cover annual tuition and living costs. While the cost of studying abroad is steep, the long-term return on investment is high, with the average salary for Harvard graduates starting at R70 000 per month. Competitive earning, job-security and powerful alumni networks make up for the hefty price-tag.

“The Liberal Arts curriculums offered in the United States are good examples of how overseas qualifications meet the adaptability and critical thinking required in the workplace. Employers look for graduates with well-rounded knowledge that spans across a multitude of disciplines, top-ranked international universities offer exactly that,” says Rebecca Pretorius, country manager for Crimson Education. The global mentoring company specialises in building the candidacy of high schoolers for acceptance into universities in the States and the United Kingdom.

The US is a favourable destination for international students as they can extend their student visa to work in the country for up to three years after graduation. Students with science, technology, engineering and math (STEM) qualifications can further extend their visa beyond this. This enables graduates to make the most of the global business networks they are exposed to. Students with overseas qualifications show favourable skills to future employers such as cultural awareness, maturity, flexibility and independence.

“The cost of educating your child is a significant expense, irrespective of whether your child is attending a private school in South Africa already. Not all universities bare the same price tag, with some institutions costing only slightly more than what parents are paying currently,” says Pretorius. “The key to success is preparation and planning. Parents should consider putting money aside through a specific education or investment plan early on, to make the expense of overseas education as manageable as possible.”

Through a team mentorship model, Crimson Education learners connect with admission strategists and tutors to assist them with the complex application process for universities in the UK and the US. The team helps parents and students review the financial aid options available to them. Through the admissions process, they also help them find their best-fit university. Pretorius and her South African team regularly host information evenings for parents and learners interested in studying overseas. For more information, visit www.crimsoneducation.org, email southafrica@crimsoneducation.org. or join the Crimson Education Facebook community.

ENDS

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Distributed by Be-cause Integrated Communications

Chelsey Wilken

chelsey@be-cause.co.za

021 447 1082 / 074 470 5996

On behalf of

Rebecca Pretorius, Country Manager for Crimson Education

 

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