How a Promising Engineer’s Dream of Studying in New Zealand Turned Into a Financial Trap
A young Indian engineer with a strong academic record and a ₹7 lakh per annum job offer in India borrowed ₹45 lakh to pursue a Master’s degree in New Zealand, hoping it would elevate his career. He took a ₹30 lakh loan and used ₹15 lakh of his savings to fund the move. However, his dream quickly unraveled when visa delays forced him into costly last-minute travel, and despite applying to over 100 companies, he couldn’t secure a meaningful internship or job abroad, reported m9.news.
The student completed his degree only to discover that most job listings were fake resume-collection schemes. With a valid post-study work visa but no real opportunities, he returned to India after a year, saddled with ₹35 lakh in debt. His experience highlights a growing issue where international education often becomes a financial scam, driven by agents promising false job prospects. Meanwhile, many students end up in survival jobs, while agents profit.
Despite a Valid Work Visa, No Job Opportunities Led to a Debt Burden of ₹35 Lakh
Had he stayed in India, this techie might have advanced to a ₹10-12 LPA salary by now instead of struggling under heavy debt for a degree that yielded no career growth. This cautionary tale urges students to research thoroughly and beware of misleading promises in overseas education.