Theres nothing wrong with spending on education but if i were to spend 400k for my tertiary edu, i damn make sure i'll never come back to this shithole.

Oh dear, spending way beyond your means, and hoping to pay off all your debts based on overly optimistic future predictions... isn't that the reason the world got into this economic mess?

You really shouldn't think about being an economist if this is your plan. The US is still hurting while the PIGS (Portugal, Ireland, Greece, Spain) are dragging Europe down. This is the worst possible moment to be spending large amounts of money.

is that RM1 million loan or scholarship ?
taking RM400k loan for a degree is absurd IMO.
i mean RM400k is A LOT of money.

IMO, there are other ways to get comparable degree in much cheaper way like previous posters mentioned.

erm...father & mother scholarship...some get loans...

i see many of my friends go uk and australia study like dun need money one...

either their parents rich......(which i doubt for some of my friends)...or they get loans..

some parents also withdrawed every single cent to fund their children..

so if one day that child don't want to pay back to his/her parents..they really have nothing to eat liao...

Me, myself is studying in Australia. Seriously u need to think more than twice about studying abroad if u were to make loan to support ur studies. Make assumption on worst situation such as parents get sick as they get older, u failed subjects (dun underestimate course) etc. Unless ur parents prepare a sum of money for themselves, otherwise opt for NUS which is really another fantastic uni and it is affordable too! Try not to make loan for studies. My piece of advice.

My opinion,

400k ?!? That's bloody expensive and judging by the different loans you take?

Think about the repaying the loan part in the future?

and there's no certainty you'll get a wonderful job as what u planned.

sometimes all the things in your life just happens differently from your plan.

if you're going for 3 years at UK, judging on 2012 olympic

the currency defenitely gonna raise from 4.x to 5.x. And if that happens, you're doomed.



What i suggest to you, is either take a diploma

and go for top up university at UK where you can get a degree through top up final year programme which you can finish it for a year only.

hrmm... if self funding NUS is the wiser choice. Invest in a masters in UK.

If TS dun mind, I wish to tumpang thread (do tell me if you wan the post removed):

2 choices for MechEng, Nottingham Malaysia and NUS.. Any inputs? I'm also waiting for IPTA. I'm having a conflict b/w the education (and it's post-degree options) and the university-life experience.

This post has been edited by DJFoo000: May 24 2010, 04:29 PM

@zstan
its true 400k is nothing compared to 1million. BUT!!!! TS is BORROWING THE MONEY ! If you are unable to get a job in the UK (you may think you can but actually thinking you may get a job and getting a job is 2 different things) and you have to come back to malaysia and work, thats the end of your life.

Judging by the interest rate and the earning wages in Malaysia, you will have to work until maybe 30 or possibly 35 with minimal spendings (savings of maybe up to 75% of your monthly salary) to fully repay your loans.

Even if you are able to secure a job in UK, the taxes there will directly impact your income. Dont forget you will need to apply for PR/VISA/whatever to work in the UK and this is not necessarily bourne by your employer (my friend told me the current rates as of late 2009 is GBP4k to get a so called permit (forgot what is the name of the document) to be allowed to stay in the UK and job hunt after ur studies.

Being young, if you do not have any burdens etc, I would recommend you to take the gamble and try to get a job in the UK. But if you are BORROWING the money, my suggestion, go to singapore.

Why are you guys hugging with the number 400k? Like I mentioned, it's more than that for that high interest rate and years of payment...probably near 800-900k.Didn't really count it.Just roughly estimate.

Seconded solstice818. TS, u are going to study economic and generally economists assume everything is rational. Think of ur opportunity cost of further ur studies in UK. Many of us here had given u their thought and it is totally up to ur decision. Hope all of us helped u in a way. Cheers~

Think about your parents la, I'm sure you don't want them to be worry about you. Do you really think your parents will sit still while their son is trying every single means to pay back his loan? Do you think they won't be worry about you if you get loan or something? DO you seriously want to live thru the study years thinking about loan repayment in the future?

95% of employment yeah~God knows whether you'll be the lucky 5%. Don't be overconfident in doing anything. There's always another plan if you are willing to think and think. You planned and you over-planned, you should really take into account the financial situation, this is the worst nightmare that haunt every student who wishes to further their education, not just overseas, local as well. Lots of students who get excellent results but are held back due to their financial situations. Yet, they try to find an alternative, a cheaper yet logical alternative that is affordable. Getting a degree in Malaysia isnt that bad afterall. God knows maybe you'll be the lucky 1% who earns a lot in the future with a degree in malaysia.

This post has been edited by justamember: May 24 2010, 09:47 PM

If you want top qualification, then can consider these :
CFA in US
ICAEW in UK/Europe.

Both are the top qualifications recognised in those zones. CFA is the golden passport for investment banking and corporate finance in any country. ICAEW churns 5 times more CEOs & CFOs in europe than all qualifications, degree, master or phd combined. And they dont even cost RM75,000 but minimum qualification is a degree (any field).

Personal experience, similar in terms of magnitude but not much else. I paid roughly RM400k for my education this year, this is an MBA from a top 5 b-school. I'm not however taking a lot of loans and I expect my ROI to be less than 3 years.

As much as I think UCL will be better than NUS, paying RM400k for an undergrad degree is a lot and taking it all as loans is risky as hell. I agree with a lot of what's been said here, particularly dreamer. Your undergraduate is not the most important step in your educational journey. Do your undergraduate at NUS, get some work experience, then spend that RM400k on a top notch MBA. You'll make your money back in no time.

i really think TS just want to go to UK. if i were u, i rather go to NUS. the rezen is the same as other said..

furthermore, i dont want to be abandoned by the huge debt... so hard to pay back...

but like what zstan said, some even spend 1m to do their medic/dentistry.. so 400k is lower (a bit~) than 1m... if u REALLY feel that u can do it, then just go for it...
remember to consider all the circumstances,..

this is just from an spm leaver, cant help u much, juz giving my opinion...

Gud luck btw, hope u'll find your right path!!

unless you're doing medicine/dentistry..forget it.

1) With the new government in place, chances are for you to secure a work visa or post study work visa through a degree would be really slim. The minimum education threshold for some of the visas are now Masters.

2) 95% is a marketing gimmick anyway and don't forget unless if you're the top tier students in the university, you would still need to compete with Oxbridge graduates, UCL, Imperial graduates, LSE and so on. These universities are equally good.

A degree from UCL is NOT a ticket to employment, it only gives you a better chance.

Even universities like UCL want or shall we say need oversea students because you'll be paying 3 times the fees of the locals. They need to make money.

3) You forgotten about the tax, which most people predict is going to rise. Also, don't forget the living costs in London.

4) If I were you, I would do my degree in NUS and my Masters elsewhere, i.e. in the UK. This would give you a better chance of securing a job here as well.

This post has been edited by Geminist: May 25 2010, 12:59 AM

NUS.
if ur idea were to earn $$ GBP in the future, u wil hv thousands of idea earning more than GBP600 a week somewhere else. more educated person din proof to be a richer man. working there simply full of uncertainties which made it an extremely high risk no-go investment, mb I shud say gamble? only thing certain is, even ur plan works out as planned, u wil be in debt for a few years til ur 30 years old mb (if lucky). totally dun under estimate the cost of living there. for a few years of bread and cereals there, u would be able to enjoy good meal with whole of ur family every weekend. plus, u dunwanna come back frm uk realising how much priceless moment u've missed with ur family.

if ur idea were to experience study life in UK, u would hv the chance after graduated in singapore, after few years working, bored and you can study master in UK, in case you were to apply loan, u would at least have higher ability in paying back the debt. seriously for me, degree doesnt mean much when u came to the real working world, for 400k of degree, I would rather invest in properties or equities.

if ur idea were to be recognised, no genious has spent so much to be well-known. a RM50k ACCA or CFA or ICAEW etc etc worth much higher recognition compared to an abroad degree, cz the course is real tough with passing rate lower than 10% sometimes and reflects the complex reality of global finance, not bcz its expansive. true knowledge is not learned in the university, it's only when you've on the battle field.

I was used to think of taking loans and study abroad too, but when I look at the overall picture and ask myself what do I actually want in the end, it simply doesnt make sense to tight the wings by debts when it's time to learn flying.

ofcz it's stil possible, nothing is impossible. its for u to think whether worth it anot. good luck!

This post has been edited by Aster66: May 25 2010, 11:07 AM

Hello people, after reading all the comments and replies, I believe the rational side of me finally took over. I was aiming to go UK even before I begun my A levels, and it took me 2 years to lay out my plan, this beautiful plan of mine.

My plan was to do very well in A level, get an offer from a relatively good uni, and ultimately obtain a scholarship. But guess I screwed up the last stage, nonetheless, there is still a glimpse of hope, and I hope some miracle would appear.

It was not easy for me to crush my own dreams because I really want to spend 3 years of my education in a country that I believe could further shape me better, though many of you would say this could be done anywhere else as well. It's just my preference and perception in this sense, because I believe there are more to offer out there. Again, this is my perception, I don't have to explain that don't I.

I understand that, but admission for international students are highly sought after as well. Each year, there were about 2k+ candidates applying for that course, only 200 made it, and out of that 200 only consist about only 20% internationals.

People, let me just make myself clear. I am not being selfish/not thinking about my parents, if not this thread wouldn't be started in the first place. A part of me knew that I needed a wake up call, despite being blinded by my own fantasy. Let's just put it this way, sometimes when we have an aim, don't you think we should try to accomplish it, at least for once in our life, regardless of what people thinks? Didn't the wright brothers subsequently invented the airplane, which was deemed completely absurd and irrational once before?

I am not proving anything people, I know in the world today, we have to succumb ourselves to logic and rationality in order to survive, what I'm trying to do was to achieve something I wanted badly, but then I agreed on the many points brought up by many of you, I guess I have to re-consider the entire option, because really, I haven't think on so much for the consequences.

So in conclusion, I shall choose NUS at the moment, unless...... if God's willing and miracle happened, there goes one dream of mine. And it is by far the only goal that I deeply want to accomplish.

my bf always tell me one window closed is for the another window to open. there will be smthg waiting for u whichever road u choose. I dun feel good at all when I put down my fantastic plan tho, but this doesnt mean I dun hv a plan right? wht u thinking is wht i went thro lolz

a 8 yr old kid used to keep telling his mother, I wanna be on top of the moon, pointing his little finger to the TV. his mother nv laugh as others did, so be him, he's the first man who landed on moon in 1969.

The hardest thing is living with rational without giving ur dream. lead by dream but not live for dream.

This post has been edited by Aster66: May 25 2010, 11:38 AM

Yes, I agree with you, but someday I know I will achieve my goals, and thanks for the motivating message