Cost of education can ruin parents

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The desire to send offspring to schools overseas has existed for decades in China, although today it is largely fueled by the belief that it gives youngsters an advantage in the tough domestic employment market.

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However, not many Chinese families have enough saved in the bank to cover the tuition fees and accommodation and living expenses. Instead, many are choosing to take on massive debt at a critical time in their own life. Such investments often create what sociologists call "the new urban poor".

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Recently, the control failures in some universities increase risks families face in paying out huge sums to have their children educated overseas.

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"Parents are surrendering their last resources to wager them on a child's future by sending them abroad," said Lao Kaisheng, an education policy researcher at Capital Normal University. "If these children don't get the decent jobs and the salary that is expected, their parents will naturally be sucked into poverty."

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It is a gamble, experts say, and the stakes are high.Although parents see an overseas education as a shortcut to success, experts argue that very few truly understand the vast differences in quality that exist among colleges in developed nations.

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Zhou Xiaozheng, a sociology professor at Renmin University of China, said everybody knows Chinese parents are willing to spend money on their children, but he warned that those looking to benefit today are largely "second- and third-rate colleges that don't offer scholarships or subsidies".Parents need to be reasonable, he said, as well as "clear about what they expect from the study period, mental development or practical skills".

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Source: myechinese.com