Is it worth to study world's most expensive universities?

According to The Chronicle of Higher Education, the cost of obtaining a U.S. degree is among the highest in the world and rising. NUS of Singapore is considered as one of the expensive university in the world too. So lets take a look at the statistic and what are the conclusions.

Top 5 most expensive in terms of tuition and fees for the 2008-2009 school year:
1. Washington, D.C.'s George Washington University ($40,437)
2. Ohio’s Sarah Lawrence College ($40,350)
3. Pennsylvania's Kenyon College ($40,240)
4. New York's Vassar College ($40,210)
5. New York's Bucknell University ($36,652)

Over the world (in U.S. dollars)
1. Imperial College London ($27,800)
2. National University of Singapore ($24,000)
3. Canada's Quest University ($20,500)

What about the elite institutions, like Harvard and Yale? They're in the same range - $36,173 for Harvard, $35,300 for Yale - but not quite as pricey as many smaller private schools. Factor in cost of living, books, transportation and other expenses and they're about the same as the U.S. schools listed above.

Globally, the average cost of a public education in the U.S. ($4,587) was second only to Australia ($5,289) in 2003-2004, the years surveyed for the study. For private education, the U.S. schools have the highest average price tags.

As conclusions:

1) If you're paying more than $45,000 for a college education, you're attending one of the world's most expensive universities.

2) Paying top dollar gets you a good education, but there are always attractive and far cheaper publicly funded alternatives available.

Source: IHT, Forbes 1, Forbes 2.


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