Education in UK now cheaper for Indian students
The number of Indian students coming
to British universities has dwindled in recent years, but there is some cheer
for those enrolling for the new academic year later this month: the fall in
pound’s value after the June 23 Brexit vote has brought down the cost of study
here.
From
a high of around Rs 100 to a pound before the Brexit vote, the value is
hovering around Rs 88, making the amount needed in rupees to meet the cost of
annual fees cheaper by nearly Rs 1.5 lakh (on a notional annual course fee of
10,000 pounds).
“There
is always a silver lining in everything and for Indian students, Brexit has
brought about just this silver lining. The recent weakening of sterling is a
welcome change for many current and new students joining British universities
this year,” said Sanam Arora of the National Indian Students and Alumni Union
(UK). “This significant fall in costs is a short-term trend and would advise
students to both take full advantage of this cheaper pound but at the same time
be cautious and not base long-term decisions on uncertain market movements” she
told HT.
Course
fees for Indian and other non-EU students vary at different universities and
for different subjects, but are usually substantially more than those
applicable to UK/EU students, which is currently set at 9,000 pounds, but is
likely to rise. The number of Indian students enrolling in UK decreased since
2012 when the post-study work visa was abolished.
Source | Hindustan Times | 19 September
2016
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Pralhad Jadhav
Senior Manager @ Library
Khaitan & Co
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