US Students Can Save Money With a Foreign Degree

A recent article in SmartMoney.com highlighted the potential time and money savings that US students, particularly future professionals, can realize by studying at a foreign university. Here’s an excerpt from that article:

NEXT YEAR, CHRISTOPHER SCHULLER, a native of Nashville, Tenn., will complete his law degree at Oxford University, and he’ll qualify to take the New York State Bar exam. Assuming he passes, he’ll become a practicing attorney at age 22. Schuller didn’t skip grades in high school or overload on his college coursework. Instead, he chose to attend college in England where most undergraduate programs — including law school — are three years long and where students begin their major on the very first day of classes.

“I knew since high school that I wanted to be a lawyer,” says Schuller. “Once I realized that the Oxford law degree could get me straight to the Bar exam, going there seemed like the obvious choice.”

In addition to skipping four years of traditional undergrad education, Schuller saved big bucks. Tuition for U.S. students at Oxford costs about $20,000 per year — or $60,000 to get a law degree. If Schuller had attended the University of Chicago, which was his first choice in the U.S., he’d pay more than $93,000 for an undergraduate degree, and then have to pay for a three-year J.D. to boot.

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