How is it possible for any student with average financial resource to go abroad, what are the expenses involved?

Studying abroad has to be planned properly with due stress on country and college selection. Ironically though US universities appear to be very expensive on paper, a student pursuing Masters in America or Canada, from even a moderately reputed university should not have to spend more than 7 lakhs in the worst case scenario, irrespective of the projected amount written on the Brochure.

For Australia/ NZ the amount is anything between 8-14 lakhs, for UK it may go up to 20 lakhs if one plans to pursue his/her degree from a decent institution, in Germany though there are no tuition fees, living expenses are more than compensate for it.

It should be remembered that a good education abroad need not be expensive, in fact often the converse is true, some of the best universities, especially in the USA have a unwritten rule that an offer of admission should be compulsorily accompanied by an offer of financial aid.

The good news is extremely soft student loans by the Nationalized banks in fact have made it extremely easy for students with even the meager means to study abroad.

The Bottom line?

Following the herd is often more counterproductive than beneficial, one should things out for themselves and analyzing them. Though being skeptical is a part of the process but often enough we are skeptical to the point of underestimating ourselves. It has to be understood that the universities abroad believe in a process of selection, contrary to the process of elimination that we follow in India.