Remember how getting a Master's degree in the united states used to seem like a fantasy only the rich or very brilliant could pursue? Well, that is no longer the case. Regardless of their academic standing or financial status, anybody can now pursue an MS. degree in the United States. Now, the true question is whether you can afford it, or more precisely, if you can get a loan to finance it.
 
Many of the people I've spoken to have studied in the united states, and their stories are very similar. In order to pursue this goal overseas, students with mediocre academic backgrounds who might not have performed well in their native country—particularly those who were not accepted into IITs and IIMs—are taking out large loans. It's seen as a means of gaining access to greater possibilities, and let's face it, a foreign degree, especially one from the united states, is still highly valued in India. However, there is another facet of this matter that warrants consideration.
 
The Trap of Loans This is when things become tricky. Although taking out a loan may seem like a fast fix, it comes with a lot of obligation. I'm talking about people from lower-middle-class households who are taking out loans totaling INR 30–40 lakhs (or even more) in the hopes of finding a good career in the united states once they graduate. However, what if the labor market is uncooperative? If you wind up with a job that barely pays for your living needs, just imagine the agony of repaying that amount.
 
Particularly for overseas students, the American employment market is changing from what it used to be. While certain organizations, like Google, Amazon, and Facebook, do recruit recent grads, it's quite difficult to get in. After graduating, the majority of students find it difficult to find employment that pays enough to pay off their large student loan debt. Not to mention employment, but obtaining an H1B visa is quite difficult. You're in limbo if you don't understand.
 
 

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G GOWTHAM

30/10/2024 10:50 AM