Plummeting Rupee Worries Students Keen To Study Abroad

[golmaal govindam]

[font=Georgia,]

Parents of those who are already pursuing courses abroad are feeling the pain of shelling down more[/font][color=#3B3A39][font=Georgia,]
The plummeting rupee value has severely hit the students who have begun the processing of higher education abroad this year while parents of those who are already pursuing courses abroad are bearing the pain of shelling out more.[/font][/color][color=#3B3A39][font=Georgia,]
The variation in the additional burden due to the falling rupee value ranges from Rs. 3 lakh to Rs. 5 lakh per annum depending on the tuition fee structure. The amount is quite huge for the Indian middle class, which dreams of foreign education for their children. “I am just shocked as my plans have gone haywire,” says a student who has got admission in the prestigious Carnegie Mellon University in the USA.[/font][/color][color=#3B3A39][font=Georgia,]
She initiated the process in August last when the rupee value was 48 per US dollar. The course fee cost Rs. 27.84 lakh then. By the present rate of Rs. 56 per US dollar, she would have to shell out Rs. 32.48 lakh. By the time she actually pays the fee in a few months, she may have to shell out about Rs. 34.80 lakh if the rupee value depreciates further to Rs. 60 per US dollar.[/font][/color][color=#3B3A39][font=Georgia,]
Students who are already in US too are worried. Arun, a student of computer science at Texas Tech University, Lubbock, Texas, feels that his second and third semesters will cost more now with the depreciation of rupee. His parents have to spend from their personal savings to fund the shortfall.[/font][/color][color=#3B3A39][font=Georgia,]
[url="http://www.thehindu.com/news/cities/Hyderabad/article3449747.ece"]http://www.thehindu.com/news/cities/Hyderabad/article3449747.ece[/url][/font][/color]