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U.S. top choice for sending children abroad for college

Staff Writer |
Nearly one in two parents (48%) rated the United States as the top destination for their child’s international college education.

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HSBC’s The Value of Education Foundations for the future report reveals the United States is the most popular choice from a list of 50 countries. The UK and Australia ranked as the second and third choices for an education abroad.

The majority of parents (59%), when asked to select the one reason to best explain why the United States is their top choice, say it is because of the better quality of education, while 29% say it is for the job prospects.

Parents from China (12%), the UAE (12%) and India (10%) made up the largest proportion of individuals who prefer the U.S.

Despite its popularity, the U.S. is also the most expensive destination, with average annual tuition fees at $33,215 per year. More than two in five (42%) parents cite higher tuition costs as the most significant barrier to sending a child to college in the United States.

Over a third (35%) of parents around the world would consider an international university education for their child. Ambitions for an international education are the highest among parents in Indonesia (60%), the UAE (58%), Hong Kong (54%), India (47%) and China (44%).

Countries where parents are the least likely to consider sending their child to college abroad are Egypt (10%), Australia and France (both 16%). American parents interested in sending their children abroad for a college education fall below the global average (29%).


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