Inflation & Exchange Rate Effect On the Cost Of Education in the USstem education system: a complete guide
The cost of education in the US or for that matter any country abroad is directly affected by the currency exchange rates. There have been several instances in the past where a down sliding rupee has inflated the cost of education abroad. However, this time around the falling rupee against the dollar has become a major concern for students wanting to go to the US for higher education. Every year thousands of Indian students go to the US in search of quality education, multi-cultural environment, abundant employment opportunities and more. Students take huge loans in order to cover the tuition fee and cost of living. As per Indian standards, the cost of living and education is pretty high in the US, and even a slight change in the rupee-dollar valuation can take a toll on the finances of those students planning to take abroad education loans. And in the midst of all of it every other day the rupee is plummeting to a new low against the dollar, and it is making the abroad education loan dearer for the students.
This is a companion discussion topic for the original entry at https://www.gyandhan.com/blogs/inflation-and-exchange-rate-effect-on-study-cost-in-usa