A young engineer’s dream of studying abroad turned into a financial nightmare when he borrowed ₹45 lakh for a Master’s in New Zealand. After spending a year searching for a job, he returned home empty‑handed, buried in debt.
With a stellar academic record and a ₹7 LPA job in India, he thought studying in New Zealand would give him a career boost. The techie took a ₹30‑lakh loan, added ₹15 lakh from savings, and moved forward towards his dreams.
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But soon after, delays in his student visa forced him to pay for an expensive last‑minute flight. The reality of his journey was slowly creeping up on him.
Despite applying to over 100 companies for internships, he found no opportunities. The only option was a subpar university internship. After completing his degree, he found that job listings were misleading, with most posts being a way to collect resumes.
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A year later, with a valid post‑study work visa, he returned to India, carrying a ₹35‑lakh debt.
The harsh truth is clear: many international study programs are a money‑making scam. Agents push these dreams to students, knowing full well that the job market doesn’t even have enough opportunities for its own citizens.
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Students must research thoroughly and avoid falling for fake job promises. Too many end up working survival jobs, despite their qualifications, while agents get paid.
Had this bright techie stayed in India, he would’ve been on track for a ₹10‑12 LPA salary by now. Instead, he’s paying off a debt for a degree that led nowhere.
