Is the cost of an overseas education really worth it?

accreditation
“The cost of educating your child is a significant expense, irrespective of whether your child is attending a private school in South Africa already."
“The cost of educating your child is a significant expense, irrespective of whether your child is attending a private school in South Africa already."

With many South African parents fast losing faith in the country's education system, looking to overseas options is becoming a reality for those able to afford it. 

And considering that the high cost of studying abroad is part and parcel of practically guaranteed job-security and competitive earning, if not why not? 

According to Crimson Education, an admission strategy agency, parents wanting to send their children overseas to study could fork out up to R1-million to cover annual tuition and living costs.

Acknowledging that the cost of studying abroad is steep, Crimson Education country manager Rebecca Pretorius says parents should view the costs as a long-term investment with a big pay-off, "with the average salary for Harvard graduates starting at R70 000 per month." 

Studying abroad also comes with additional benefits, particularly in the US says Pretorius where a student visa can be easily extended for up to three years after graduation, opening up unique employment opportunities. 

“The cost of educating your child is a significant expense, irrespective of whether your child is attending a private school in South Africa already. Not all universities bare the same price tag, with some institutions costing only slightly more than what parents are paying currently,” says Pretorius.


Also see: How to help your child study abroad


So what does it cost to study abroad? 

We had a look at the fees of a number of top international universities, and pooled the details in the table below: 

Use this link to convert the above figures from each currency to Rand.

Sources: 

Massachusetts Institute of Technology (MIT)

University of Cambridge general Fees or financial aid 

ETH Zurich 

University of Melbourne general fees or financial aid 

Chat back: 

Share your story with us, and we could publish your letter. Anonymous contributions are welcome.

Sign up for Parent24's newsletters.

Read more:

We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For 14 free days, you can have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed. 
Subscribe to News24
Voting Booth
What are your thoughts on the possibility of having permanent Stage 2 or 3 load shedding?
Please select an option Oops! Something went wrong, please try again later.
Results
I'll take that over constant schedule changes
13% - 1497 votes
Why are we normalising Eskom’s mess?
72% - 8213 votes
I've already found alternative ways of powering my home/business
15% - 1709 votes
Vote
Rand - Dollar
17.47
-2.2%
Rand - Pound
21.05
-0.0%
Rand - Euro
18.91
-0.0%
Rand - Aus dollar
12.09
-0.0%
Rand - Yen
0.13
-0.0%
Platinum
974.02
0.0%
Palladium
1,623.95
0.0%
Gold
1,865.16
0.0%
Silver
22.35
0.0%
Brent Crude
79.94
-2.8%
Top 40
74,082
+0.6%
All Share
80,241
+0.6%
Resource 10
75,186
+0.7%
Industrial 25
103,461
+0.8%
Financial 15
16,550
0.0%
All JSE data delayed by at least 15 minutes Iress logo
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE