Get Protection + Monthly Income after Retirement

Are college exchange programs worth the expense?

Sep 30, 2019 | 5 months ago | Read Time: 3 minutes | By iKnowledge Team
Pros & Cons of College Exchange Programs

Student exchange programs have become increasingly popular among today’s youth. The idea is to be a part of a program that enables you to study abroad at a partner institution for a period of eight months to a year. Most of these programs do involve international travel, while some may enroll in programs within their host country.

There’s no doubt that these programs involve significant amount of money, since it’s not only the college admission fees that needs to be borne, but also travel, food and other miscellaneous costs of living in a new country.

These programs do open a window of opportunity for those who participate, but there are certain disadvantages as well. This makes it important for you to consider both the pros and cons to analyze if this is the right option for you.


1) Cultural Immersion

One of the most exciting aspects of a college exchange program is to meet new people and learn about different cultures. In fact, not only will you mingle with people from your host country but will also get an opportunity to know other students who are also part of such exchange programs.

2) Opportunity to learn a new language

This will also present an opportunity for you to learn a new language and in case, you already know it, then you can sharpen it further. It might sound daunting to you, but this will help you get out of your comfort zone and enhance your confidence. It’s not every day that you get a chance like this!

3) Get exposed to educational diversity

Apart from meeting new people, you will also be exposed to diversity in education systems. This will help you sharpen your knowledge, acquire new skills and broaden your horizon. Additionally, you will have myriad options to explore the subjects you are interested in. A win-win opportunity for sure!

4) Become independent

Since you will be away from your home country for a considerable period, your mind will open to a whole new segment of the world. You will pick up some lessons for life, which will help in shaping up your personality and contribute to your growth. By the time you return home, you would have become independent and capable of tackling different challenges.


1) Culture Shock

Though travelling to a new country sounds like an adventure, it is not really a holiday. Adjusting to different cultures does take time and can be quite challenging. You might come across unfamiliar situations that might intimidate you and pose a culture shock, but these are all part of treading into an unknown territory.

2) Homesickness

Although exchange programs give you the opportunity to meet new people, you might still feel lonely and homesick since all your loved ones are back home. You may sometimes be overwhelmed by loneliness in the absence of your family and friends, since you may never come across this situation ever. There could be times when you also miss the familiarity of your hometown and your life there.

3) Language Barrier

This one is challenging, especially when you just move into a new country. You may feel left out, especially when you come across other students conversing with each other, when you are unable to understand a word. It can get frustrating, but it will naturally take time for you to pick up a new language. So, hold on!

Living abroad requires a sizeable amount of money and the costs are high. As far as the pros are concerned, it does give you great exposure and is an opportunity of a lifetime. While there are challenges involved, but they can be tackled eventually.

In case exorbitant expenses are preventing you from sending your child for an exchange program, we have a solution for you that doubles up as a child education policy. There is no greater relief than financial help in such situations. Trusted insurance providers like Aegon Life offer plans to secure your child’s education and future. The best part is that there’s no allocation charge in this child plan, which means your investment amount is not wasted on frivolous fees.

What’s more? You can choose from a range of 6 unit-linked funds and withdraw 20% of your investment after five years, as part of this child savings plan. Besides, there are two death benefit options, in case you pass away suddenly, apart from additional riders.

What are you waiting for? Let your child fly and achieve his dream! As a parent, nothing else will give you more joy! To know about Aegon Life’s life insurance products like term insurance and other products, visit our home page.


iTerm Plan

Life Insurance Plan with 3 Options to Choose from

  • Life Protect (Life cover till age 100 years)
  • Protect Plus (5% Automatic Increase of life cover)
  • Dual Protect (Protection + Regular Income)
iTerm Plus Plan

Life Insurance Plan with 4 Options to Choose from

  • Life Plan
  • Life Plus Plan
  • Life & Health Plan (10 Critical Illnesses covered)
  • Life & Health Plus Plan (36 Critical Illnesses covered)
iInvest Plan

iInvest Plan with 3 Options to Choose from

  • Increases Your Investment
  • Boost Your Fund Value
  • Withdraw Your Investment
Child Education Investment Instead of paying your child’s tuition fees outright, consider taking a loan. Here’s why
Unit Linked Insurance Plans. Sounds complicated? We’ll simplify it for you
Calculate Premium
Do You Smoke?

Date of Birth

Your Monthly Premium for Aegon Life iTerm Insurance Plan