Why the U.S. ended up outsourcing ?
INDIA:
Annual living costs for an undergraduate student (350,000 Rupies =
5,000 USD) per year... all inclusive costs.) leaving US college grads with humongous debt?
The first factor that you need to consider is that the annual cost of education combined with living is on an average ₹ 350,000
. This is far lesser than the cost of education in developed countries like the US or UK.
Education Cost of Studying in India - The Chopras
CHINA:
Approximately 25 million students in
China pay an average of $400 to $2,200 a year in tuition (Includes instruction, room/board, and meals) to attend public and private institutions. The rates at China's private institutions vary greatly and many times surpass the average of $2,200. For example, to attend the University of Nottingham in Ningbo students pay $9,000 a year; this may be contributed to the earned degree being from the University of Nottingham in the United Kingdom, a highly respected educational institution.
The Cost of College in China
.... In short, you have a flood of qualified candidates outside the US.
USA:
How Much Does it Cost to Study in the US?
Anyone familiar with the basic rules of averages will have realized that College Board’s estimate is likely to include significant variation in either direction – and this is true. At the very top-tier US universities (the majority of which are private non-profits), fees and living costs are likely to add up to around
US$60,000 per year, but it’s also possible to study in the US at a much lower outlay.