A student who borrowed a significant sum to pursue higher education overseas finds himself entangled in financial difficulties upon returning home. The individual, known online as The Tech Philosopher, detailed his predicament on Reddit. In 2022, he took out a loan of Rs 40 lakhs to study in the United States. Despite achieving his academic goals, challenges such as an economic downturn, visa limitations, and scarce internship opportunities hindered his job prospects in America. Returning to India due to family hardships, he now juggles a modest income against substantial monthly loan repayments, leaving him emotionally and physically exhausted.
The Ordeal of The Tech Philosopher
In the golden autumn of ambition and dreams, a young man embarked on a journey to the United States for advanced studies, armed with a loan of Rs 40 lakhs. His father, who ran a small manufacturing enterprise, alongside his entire family, invested their emotional and financial resources to support this pursuit of a brighter future. However, after completing his Master’s degree, the harsh realities of the U.S. economy set in. A recession coupled with stringent visa regulations and limited internship avenues thwarted his efforts to secure employment there. "For an entire year, I applied persistently but couldn't even cover my basic living costs," he lamented, revealing how his family had to deplete their savings just to sustain him abroad.
Matters worsened when his father's business faltered and his health deteriorated. With no other option, he returned to India, burdened by debt and devoid of employment. Eventually, he managed to find a position locally with a monthly salary of Rs 75,000. Yet, his loan obligations consume Rs 66,000 monthly, leaving him with minimal personal savings. Between managing his day job and caring for his unwell father, he feels overwhelmed. Seeking advice, he turned to Reddit, hoping for guidance or connections to organizations aiding those in similar predicaments.
Since sharing his story, many have responded with empathy and practical suggestions. Some advised exploring freelance opportunities on weekends while gaining experience at his current role, aiming for better-paying positions within a year or two. Others encouraged perseverance, emphasizing belief in oneself amidst adversity.
From a journalist's perspective, this narrative underscores the complex decisions families face regarding educational investments and their potential repercussions. It highlights the importance of thorough research into post-graduation opportunities and financial planning before embarking on costly international educational ventures. For readers, it serves as a poignant reminder of resilience and adaptability in navigating life's unexpected challenges.