Studying abroad a growing trend

More and more high net worth individuals are sending their children abroad to study, despite the hefty price tag that comes with an international education.

"The past few years have seen a surge in the number of people studying abroad," said Huang Zhongyang, CEO of Special A, a Beijing-based institution specializing in overseas education consulting.

"Last year, 608,400 students went abroad to study, up 11.74 percent year-on-year. The market is huge," according to Huang.