A Poor Job Market and a Steady Currency Feed "Overseas-Study Fever" in China

Autor/in	Hvistendahl, Mara
Titel	A Poor Job Market and a Steady Currency Feed "Overseas-Study Fever" in China
Quelle	In: Chronicle of Higher Education, 55 (2009) 25, (1 Seiten) PDF als Volltext Verfügbarkeit
Sprache	englisch
Dokumenttyp	gedruckt; online; Zeitschriftenaufsatz
ISSN	0009-5982
Schlagwörter	College Graduates; Foreign Countries; Study Abroad; Foreign Students; Aspiration; Paying for College; Attribution Theory; China; India; South Korea; United States + Suchen Sie Ihr Suchwort? Hochschulabsolvent; Hochschulabsolventin; Ausland; Studies abroad; Auslandsstudium; Streben; Studienfinanzierung; Indien; Korea; Republik; USA
Abstract	The Chinese news media have a name for the craze that has gripped students here in the past few years: "overseas-study fever." And despite the worsening global financial crisis and a slowing domestic economy, it shows little sign of letting up. Recruiters say a high household savings rate, a difficult job market, and a steady currency, the yuan, combine to keep foreign study popular in China. That is a significant difference from India, where students who rely on loans to pay overseas tuition have had difficulty securing credit, and from South Korea, where the plummeting won has made Western education increasingly unaffordable. Such troubles suggest a decrease in applications from those two countries to study in the United States this fall. One possible reason for the continued high interest for Chinese students is also a poor domestic job market. With unemployment among recent college graduates at 12 percent, many middle-class students see going abroad as a way to improve their competitiveness. (ERIC).
Anmerkungen	Chronicle of Higher Education. 1255 23rd Street NW Suite 700, Washington, DC 20037. Tel: 800-728-2803; e-mail: circulation@chronicle.com; Web site: http://chronicle.com/
Erfasst von	ERIC (Education Resources Information Center), Washington, DC
Update	2017/4/10