David Lerner Associates News

Affordable College Degrees Overseas

Core Facts


Wednesday, July 10, 2019

Going to college overseas instead of in America is attracting more and more students.

If you are considering a college degree, then you’ll be thinking about the costs attached to getting an education and what you want to achieve by doing so. More than 75 percent of American families say they weigh the affordability of a college during their selection process while they are doing their research on which school to go to.

 College is expensive no matter how you look at it.  Depending on what type of college you attend, fees range from $20,770 at a public school if you live in that state to $46,950 at a private school. That covers tuition, room, and board. There will be extra costs for books and other incidentals.

When you consider that the median household income in the United States in 2018 was recorded as $63,688, you realize that a college education in America is not just expensive, it can be all but impossible for many families. 

One way to create an affordable education plan is with a 529 plan.

Another option is to study overseas. The Institute of International Education found that an increasing number of American students are taking advantage of the more than 1,700 English-language bachelor’s degree programs in 29 continental European countries. 

Of course, it is not easy to just pack a bag and hop on an international flight to go to school. But if you’re going to spend money on a university education, why not see the world and broaden your horizons at the same time?

The best part is that you could save a bundle of money - more than 50 schools in the UK and Europe available to Americans have free tuition.  More than 350 charge less than $4,000 a year! 

Do your research, and figure out what is best for you or your child. You will, of course, have to factor in international medical insurance, travel costs, accommodation and more, but going to college in another country could be a good fit, especially for someone who wants to explore and experience more than the continental U.S. has to offer.

 

IMPORTANT DISCLOSURES

Material contained in this article is provided for information purposes only and is not intended to be used in connection with the evaluation of any investments offered by David Lerner Associates, Inc. This material does not constitute an offer or recommendation to buy or sell securities and should not be considered in connection with the purchase or sale of securities.

To the extent that this material concerns tax matters, it is not intended or written to be used, and cannot be used, by a taxpayer for the purpose of avoiding penalties that may be imposed by law. 

Each taxpayer should seek independent advice from a tax professional based on his or her individual circumstances.

These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable-- we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice.

David Lerner Associates does not provide tax or legal advice. The information presented here is not specific to any individual's personal circumstances. Member FINRA & SIPC

 

 

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Founded in 1976, David Lerner Associates is a privately-held broker/dealer with headquarters in Syosset, New York and branch offices in Westport, CT; Boca Raton, FL; Lawrenceville, NJ; and White Plains, NY. For more information contact David Lerner Associates Call 516-921-4200 Visit our website: www.davidlerner.com

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Jake Mendlinger
Account Manager
Zimmerman/Edelson
516.829.8374 X 232
jmendlinger@zimmed.com

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