Currency weakness puts study-abroad plans on hold

TNN 15 June 2013

India’s rupee devaluation has hit the foreign education plans of many students. While those pursuing higher education from a foreign university have no choice but to bear the brunt, those who have plans are putting them on hold. And people looking out for jobs abroad too are finding it tough to sail through, reports TNN.

Garima Kakkar, a graduate with a bachelor in business management from the University of Manchester, has been planning to go to Ohio State University in US to pursue a masters in marketing. "Due to dollar appreciation, I am on the verge of dropping the idea,'' she said. Likewise Suyash Shukla, who has been dreaming of an MBA from the University of Pennsylvania, said: "With the rupee weakening, the burden has increased.''

Educational consultant Natasha Chopra said rupee depreciation had students “reconsidering their decision to head for foreign destinations, especially the US, to study as both tuition fees and cost of living there will rise. But students with good academic records can avail [themselves of] numerous scholarships to fulfil their dreams.''
Full report on The Times of India site

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