Antony’s Personal Opinion

Don’t you agree that the whole world should be able to study for free? Recently I am calculating how much money I have to spend if I would have a child that want to study engineering/science in the university. Fortunately, I don’t have a child yet. Puih….

We all know that education is so expensive. It may not be going cheaper either. So we have to prepare education for our children as early as possible. You may say that there are a lot of student loans these days. But living from a loan or credit is not a good habit. I have been trying myself not to live from credit, except mortgage. Of course, there is a possibility to apply for scholarship too, but not all students are eligible for that.

Now, let’s see how much is the tuition fee for several universities in the world. Assume that my child is going to study computer engineering (undergraduate degree) as international students.

• University of British Columbia, Canada
  Tutition fee: C$ 21,093 / year ~= US$ 18,341 / year
• University of California Davis, USA
  Tuition fee: US$ 17,304 / year
• National University of Singapore, Singapore
  Tuition fee: S$ 22,420 / year ~= US$ 13,925 / year

As you can see, the tuition fee itself is more than US$ 10,000 / year. If we include other costs, like room, food, books, etc., it will easily hit US$ 20,000 / year!

One possibility to get cheap education is going to a country where education is free, for example Germany. I myself is a graduate from Germany and I enjoyed free tuition fee there. Unfortunately, I heard that some German universities has started to apply for a small tuition fee. It is not as expensive as other countries, but then not free any more.

Well, let’s prepare the best we can for our children’s education….

This entry was posted on Saturday, April 8th, 2006 at 10:20 am and is filed under Finance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.