Universities all over the world interact with each other to build exchange programs which can benefit the exchange students. Student exchange programs improvise the global perspective of the students by broadening their horizons. Students should more often opt for foreign studies since it helps in their overall personality development. Studying abroad can be beneficial in many ways. Five of them are listed here.
1. You can Learn a New Language - An exposure to the colloquial language helps in learning the language in a more effective way. Knowledge of different languages may prove to be rewarding and challenging at the same time.
2. Experience Varied Cultures - Getting exposed to different cultures and lifestyles helps you mature as a person and improve your perspective of life in general.
3. Make global Friendships - Studies abroad help in student interaction at a global level and also helps in cultivating long lasting friendships with foreign students.
4. Add Weight to your degree - Studying overseas increases the value of your degree. Students can also acquire second language credits from the exchange programs.
5. Offer Global Employment Opportunities - Students educated from foreign countries are preferred by employers for their global exposure and ability to adjust. Overseas education also opens job opportunities for the candidates both in their home as well as exchange university.
Planning to give the best shot in both is a challenge.The key word here is balancing! 
Parents get frightened by the fact of to pay thousands of dollars for an education. 
For post secondary education, Federal government has launched loan program. 
Scholarship scams - because many students competing for scholarship.