Mumbai:  Although the US is an expensive destination, it is the top choice for Indian parents who would consider university abroad for their wards, according to a report.

HSBC’s ‘The Value of Education Foundations for the future’ report has revealed 58 per cent of the parents had USA in their top three destinations list among 50 countries. This, notwithstanding that the US is also the most expensive destination, with average Annual Tuition Fees of USD 33,215 per year for international university students.

The report represents the views of 6,241 parents in 15 countries around the world, including Australia, Canada, China, Egypt, France, Hong Kong, India, Indonesia, Malaysia, Mexico, Singapore, Taiwan, United Arab Emirates, United Kingdom and the United States.

“An international university education for their child is a highly desirable ambition for many parents. However, it comes at higher costs, with living expenses and air fares on top of tuition fees,” HSBC India Head of Retail Banking and Wealth Management S Ramakrishnan said.

HSBC’s ‘The Value of Education Foundations for the future’ report has revealed 58 per cent of the parents had USA in their top three destinations list among 50 countries. This, notwithstanding that the US is also the most expensive destination, with average annual tuition fees of USD 33,215 per year for international university students.

The report represents the views of 6,241 parents in 15 countries around the world, including Australia, Canada, China, Egypt, France, Hong Kong, India, Indonesia, Malaysia, Mexico, Singapore, Taiwan, United Arab Emirates, United Kingdom and the United States.

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