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U.S. university students who feel that they are getting a bad deal should go to Europe. http://www.bbc.com/news/magazine-32821678 http://www.bbc.com/news/magaz

by chasil 9y ago

U.S. university students who feel that they are getting a bad deal should go to Europe. http://www.bbc.com/news/magazine-32821678 http://www.bbc.com/news/magazine-32821678 Think twice about beginning a bachelor, masters, or doctoral degree in this country, as you will be crushed with debt. With a lot of work, I was able to graduate in '94 with an E.E. degree with a total student loan debt of $1,500. That is not possible here anymore, but it is possible in Europe. If I had to do it again, I would be gone.

rxhernandez 9y ago
I was able to graduate with an EE degree, within the past five years and with no debt at Cal Poly (a university with one of the highest ROI on the west coast). <$7000/year is certainly doable if you're living at home with your parents.
- chasil 9y ago
  To be honest, I spent a year living at home, but my college of engineering was 60 miles away. I lived near campus otherwise.
woodson 9y ago
With the new tax regulation, as a U.S. citizen, do you have to pay taxes on tuition and stipends you receive when you do a Ph.D. overseas? (I'd assume so, since overseas income is taxable AFAIK, but I don't really know what the situation is).
- danzig13 9y ago
  Tuition would be much lower, I think you are credited for the taxes you would pay in country, and generally - while you have to report foreign income - you have to make quite a bit before tax would be assessed.
  - throwawayjava 9y ago
    I thought it was "only" $100,000? Seems like a lot of engineering types would be close to that limit.
    - danzig13 9y ago
      For a job after university probably, but I meant to speak to a tuition waiver at a foreign university. I doubt tuition waiver plus stipend would approach that in most other countries. Even for the job scenario, you get a tax credit for foreign taxes paid which in most industialized countries would probably neutralize any US tax burden and then some. If the job is in a developing country, I would think the cost of living advantages would make it worth it if you were above the limit. However, not a CPA or finance pro. I went to grad school abroad and looked into the implications of staying a bit.

by chasil 9y ago

rxhernandez 9y ago

I was able to graduate with an EE degree, within the past five years and with no debt at Cal Poly (a university with one of the highest ROI on the west coast). <$7000/year is certainly doable if you're living at home with your parents.

chasil 9y ago
To be honest, I spent a year living at home, but my college of engineering was 60 miles away. I lived near campus otherwise.

woodson 9y ago

With the new tax regulation, as a U.S. citizen, do you have to pay taxes on tuition and stipends you receive when you do a Ph.D. overseas? (I'd assume so, since overseas income is taxable AFAIK, but I don't really know what the situation is).

danzig13 9y ago
Tuition would be much lower, I think you are credited for the taxes you would pay in country, and generally - while you have to report foreign income - you have to make quite a bit before tax would be assessed.
- throwawayjava 9y ago
  I thought it was "only" $100,000? Seems like a lot of engineering types would be close to that limit.
  - danzig13 9y ago
    For a job after university probably, but I meant to speak to a tuition waiver at a foreign university. I doubt tuition waiver plus stipend would approach that in most other countries. Even for the job scenario, you get a tax credit for foreign taxes paid which in most industialized countries would probably neutralize any US tax burden and then some. If the job is in a developing country, I would think the cost of living advantages would make it worth it if you were above the limit. However, not a CPA or finance pro. I went to grad school abroad and looked into the implications of staying a bit.