Study overseas: 42% of parents want children to get an international education

HSBC has good news for young adults who wish to get far, a long way away from their parents.

A new survey published by the bank implies that 42% of parents would consider mailing their kids abroad for university, up from 35% in 2016.

Interest within an international education — which is often very expensive — has increased in almost all of the 15 countries and territories contained in the survey.

Parents in China, Hong Kong, India, Malaysia, Indonesia and the United Arab Emirates were the most enthusiastic, with many in each saying they might consider sending their kids abroad for college.

British, Australian and French parents were less keen, with only 17% to 22% expressing an interest in international analysis. The figure was 36% among American parents.

Parents said the U.S. was the virtually all desirable place because of their kids to study, accompanied by Australia and the U.K.

Some families could possibly be in for major sticker shock — especially if they’ve collection their sights about an American education.

HSBC said that international parents expect tuition at U.S. colleges to be $11,000 a year or less. In reality, the tuition costs will be closer to $33,000 a 12 months.

The bank said that total costs over four years, including bills, average a lot more than $180,000 at major U.S. universities.

International students typically pay full tuition at American universities.

Below are a few more key amounts from the study:

– 60% of parents said they’d be open to having their child complete a degree that’s either completely or partly on line.

– 68% of parents said they will be confident their kid will get a congrats, with Indians being the virtually all optimistic at 85%. That number drops to just 36% among parents in France.

– 93% of Chinese parents said they have payed for non-public tuition or tutoring, the best of any country. Simply 23% of British parents said they’ve done the same.

The HSBC report surveyed practically 8,500 parents in 15 countries and territories.

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