US college expenses for kids, a reason to R2I?
Posted: Tue Sep 25, 2012 2:11 am
Hi
Our family is living in USA (with two kids) with the eldest kid in 7th grade. I am contemplating a move to Bengaluru in 2013. One of the reasons to move back to India is that, the expenses of our kids' college education in USA.
Surprisingly, I don't see this as the reason for people to move back to India. So, I am confused. Am I unnecessarily getting worked up about the college expenses or is it that nobody considers this as an important reason to R2I?
From what I understand, it can be anywhere from 35k to 50k per anum for tuitions in college per child, with out factoring room, books, food etc. With this rate, it can cost me all my assets just to get 4 year degree for my two kids. I wonder is it worth spending everyting for a 4 year degree? Or is it wise to move back to India to get a focused job oriented bachelor's degree for a lesser cost? They can still come back for a higher education later if they want to... Also, as of now, my kids are strongly inclined towards a science (engineering) kind of degree than humanities. So, all the options that are available in US education does not really matter to them.. since India has equally good options when it comes to engineering degrees..
Any thoughts that can help me decide would be greatly appreciated..
Thanks!
Our family is living in USA (with two kids) with the eldest kid in 7th grade. I am contemplating a move to Bengaluru in 2013. One of the reasons to move back to India is that, the expenses of our kids' college education in USA.
Surprisingly, I don't see this as the reason for people to move back to India. So, I am confused. Am I unnecessarily getting worked up about the college expenses or is it that nobody considers this as an important reason to R2I?
From what I understand, it can be anywhere from 35k to 50k per anum for tuitions in college per child, with out factoring room, books, food etc. With this rate, it can cost me all my assets just to get 4 year degree for my two kids. I wonder is it worth spending everyting for a 4 year degree? Or is it wise to move back to India to get a focused job oriented bachelor's degree for a lesser cost? They can still come back for a higher education later if they want to... Also, as of now, my kids are strongly inclined towards a science (engineering) kind of degree than humanities. So, all the options that are available in US education does not really matter to them.. since India has equally good options when it comes to engineering degrees..
Any thoughts that can help me decide would be greatly appreciated..
Thanks!