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Well, University in India also costs like $10k for the whole thing. Soo... the value proposition is quite different. This applies only in the case of the US, b
by screye 6y ago
Well, University in India also costs like $10k for the whole thing. Soo... the value proposition is quite different.
This applies only in the case of the US, because university implies a $100k student loan.
- Miraste 6y agoUniversity may cost 10% of US prices, but median income is even lower than 10% US.
- screye 6y agoYou are correct about the numbers in absolute, but this is one of those cases where the stats are lying. Once you go to university, it is relatively easy to get a job making around 2.5-4 lakh a year. The total cost of university stays under 4 lakhs for most people, which is an acceptable percentage of projected annual wage. It is also a lot easier to live under your means in India, where a single person can easily live under 1.5 lakhs/year. On the other hand, a university degree in the wrong major in the US can mean a $30k gig at Starbucks, with saving being nearly impossible and student debt worth $200k.