The cost of college has risen significantly over the last several decades. The cost of college when I went, back in 1991 was approximately $10,000 per year. That was a private college, so, it was higher than a state funded university. With the reach we are allowed now, with the internet, the search for cheaper college costs is no longer national. High School students are starting to search globally for their education and to save on the cost of college. I have to say, I absolutely love this. Not only can they get their education, but, they have the opportunity to learn of new cultures.
Check out some of these books on researching colleges (The Princeton Review Best 382 Colleges 2018 Edition and The Princeton Review Complete Book of Colleges 2018 Edition) and study abroad programs (Student Guide and Parent Guide).
So, today’s post, will explore ten countries and where America ranks with the cost of college that our students and/or parents, must pay.
In the United States, the amount of student loans taken out is 1.3 trillion dollars. Wait, what???? 1.3 TRILLION dollars? That is just under 19 trillion less than the US national debt… The number of students who have student loans out is slightly over 44 million students. 7.4% of our population has student loans. That is an average of $37,000 per student. However, you look at the individual fields and you will see that students with medical degrees, the cost of college for them is close to $200,000. Lawyers have a cost of close to $150,000.
Let’s start with the countries that offer FREE college tuition:
There are nine countries that offer free tuition. And I want to let it be known, Denmark, Finland, Germany, Ireland and Greece made it on the top 20 list of vacation days given to their citizens.
France, Columbia, Austria, and Switzerland average less than $1,000 in annual costs. Italy, Netherlands, China, and Israel average less than $5,000. New Zealand, Australia, South Africa, Japan, Canada, and South Korea average less than $8,000 per year.
The only comparable country with the US in costs is the U.K. Lists that are out there show that the US is slightly less expensive than the U.K., However, I don’t fully count them because a majority, if not all of the colleges in the U.K. are private. With that said, the student loan debt in the US is higher than the U.K. by approximately $7,000 per student.
Is your child ready to head off to college in the next year or two? Have you looked into the cost of college here in the US and globally? Would your student consider, or, would you allow your student, to study abroad to help with saving on college costs and to give them a chance to live in and learn a different culture? Comment below or share on my Facebook page!
Disclaimer: There are affiliate links in this post. Should you purchase anything from these links, I may make a small commission. For which I thank you in advance.
If you enjoy reading, you should check out my YA Paranormal book, Cavern Cove! It also makes for a great gift! Click the image to be taken to Amazon. It is also available at Barnes and Noble for your Nook and in Paperback! It’s also available on iBooks!