U.S. Attracts Indian Students, Lowers Fees

Bangalore: The popular and in demand American degree that was unattainable due to high costs is not so out of reach any more. A few U.S. colleges have taken the first steps to cut down high tuition fees by suggesting a $10,000 (about 5.3 lakh) degree, reports Chidanand Rajghatta for TNN.

The $10,000 college degree will encourage students from India, more than a lakh of who are enrolled in U.S. colleges in any given year. While most Indian students go to the U.S. for graduate studies, increasing numbers are enrolling for four-year undergraduate degree that around 10 Texas colleges are suggesting to offer for just $10,000. The typical cost for a four-year undergraduate degree in a simple college for in-state U.S. populace is around $30,000 (Rs 16 lakh). While higher education like law degrees or two-year MBA degrees from top-ranked schools cost anywhere from $80,000 to $150,000.

However, wealthier Indian parents, who are sending their children to four-year undergraduate colleges after their Class 12, will have to spend more than $100,000 enrolling in elite U.S. institutions.

The first attempt across towering tuition fees in America has been taken up by 10 modest Texas schools, following a challenge from the state governor Rick Perry to bring down costs. The 10 schools comprise nearly 50,000 students, which is about 10 percent of undergrads at public universities in the state.

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