By Derrick Ho , Melissa Pang and Reico Wong

THE overseas degree is still shiny despite the recession.

Foreign universities are seeing a healthy growth of applications from Singaporeans this year and there are a couple of reasons why, said observers.

One is that those who can afford it were less affected by the downturn. Another is that currencies like the American dollar and sterling pound have weakened against the Singdollar, making an overseas education relatively cheaper now.

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