The Education Sector is one of the largest markets in India. It is a growing market not just in India but also in the overall world. With the prices in tuition fees soaring every year due to an increase in the number of students and claims of quality education by Universities, students find themselves in a dilemma to choose between the location of their respective colleges, the course fee and their eligibility to even enrol in a top tier college.
Scholarship is an option one could always bank on, as it either levies the tuition fee or part of it depending on the criteria. But what if the student fails to meet all the criteria required? The fear of paying enormous amounts as fee haunts not just the students but their respective parents as well. Most parents who can afford to pay, happily do so, but what about the ones who cannot? They are either forced to apply for loans or ask their pupil to drop plans and look for another suitable affordable course. Parents on the other hand would always want their ward to receive the best education as possible. But what if the course provided by a certain University has no prospects in the Indian Market?
India is ranked 6th in the list of countries with the highest GDP. Students always prefer to study in the top most prestigious Universities in the U.S , Canada, Australia and the list of countries shall go on. The mind-set arises from the need to attain quality education, value for the degree one seeks and the availability of job prospects. But do Universities in such countries provide free education? Will the countries mentioned earlier provide you a return in investment in a year? Or to make it more interesting, what if we assume that it’s less than a year? The answer to all these questions is yes, its Germany. ‘How’ is the question one is always left to ponder on? We shall help you with that.
Germany is ranked 4th in the list of countries in terms of GDP. The country boasts of having few of the best Universities not just in the world but in Europe as well. It also boasts of initiating the top most famous companies in the world. Bosch, Bayer, Daimler, Siemens, Allianz, Volkswagen, and the list shall go on. And to top it all, Germany provides free education and also has a massive skill shortage because of which they lose 3 trillion dollars every year . This makes it so much more easier for a recent graduate to land a job in the country compared to other countries such as U.S, U.K and Canada.
Now the question arises how and who can study for free in Germany? It isn’t just the Germans, Europeans and applicants from the EEA who are entitled to this privilege but Non- Europeans as well. One can always study for free at Public Universities. With almost 300 Universities and 1000 courses to choose from, one is met with a lot of options. The sole reason for free education is that the Germans believe education to not be treated as just another commercial product, and that free access to higher education ensures a growth in the economy. In addition to that, Germany’s Governments of recent years have realised the benefits in economic and social aspects of immigration. They prefer the smartest minds to not just study in the country but to stay post their graduation as well.
While there aren’t any tuition fees at Public Universities, one has to always pay a small fee of around 300 or 400 Euros. This is considered as a Semester fee or an Administrative fee that comes with various perks a student can avail. This includes a levy on a public transport ticket for the city you live in and sometimes the surrounding areas as well, a fraction of what you are supposed to pay for. The cost of living in general is 600$, but this differs in larger cities like Munich, Frankfurt to name a few. Students can also work in part-time jobs and earn as much as 500 – 800 € a month with which they can cover up a part of their living expenses.
Now that our readers have got a clear picture about Germany and its beautiful growth prospects they can apply to the country with confidence. Stay tuned for more information on our next blog.