“Students should also be reminded that loans are only one option to fund their overseas education”
With the US dollar now worth nearly as much as the euro, you might be looking forward to your next Italian vacation. But the same economic trend poses both a challenge and an opportunity for students from around the world.
The Indian rupee has fallen by 6% since January, and the Chinese yuan hit a record low in July. Other countries are experiencing similar trends – though perhaps none worse than Sri Lanka, whose rupee has fallen by half since March. This means that students from these countries could encounter a major financial shortfall when it’s time to pay tuition.