‘Returned to India, jobless and with huge debt’, IT student shares how US failed him – Trending News

A 27-year-old Indian origin student shared that he took an education of Rs 40,00,000 from HDFC Credila in 2022 to pursue his Master’s degree in the US. Under a massive burden of debt he was struggling to make ends meet while chasing a better future for himself.

Since he does not belong to an affluent background, the economic recission, visa limitations and lack of internship opportunities became a major factor for his stress. He wrote, “I applied relentlessly for a year, but couldn’t even earn enough to cover my own living expenses. My family sent me money every month so I could eat — draining their last savings.”

The user (@theTechPhilosopher) went on to share the deep employment crisis in the US despite of completing his degree. Making things worse, his father’s small manufacturing business eventually collapsed. Since he fell ill over time, the family could not support their son.

With a MSc degree in Management Information Systems in hand, he had no option but to return from the US with no job in hand. The little to no financial security led him to take Rs 75,000 job to cover his Rs 66,000 EMIs. Currently, as per the user the business has been revived but he tries to ” pick up extra freelance or part-time work, but between my day job and my father’s declining health, I’m emotionally and physically drained.”

His skills are vast as he can do Digital Product Management, Project Management, Strategy Consulting, UI-UX design, AI consulting, Marketing and Sales. He turns to Redditors for financial advice as to how he could proceed to survive this crisis. It points to the harsh reality of the burden to repay an education loan the students need to pay and the true side of global unemployment rates.

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