Low rates. No fees. Just money for college.
Headlines about the cost of college in the US - and the debt that goes along with it - can be depressing. The cost of a college degree has doubled since 1989. There are more than 44 million debtors who owe more than $1.5 trillion.
With those scary statistics, you may find yourself wondering how other countries handle the cost of higher education. Are we the only country dealing with this problem? Surprisingly, ballooning costs and debt aren't just a domestic problem.
University Costs by Country
The Organization for Economic Co-Operation and Development (OECD) publishes an annual report which includes estimated average tuition costs from various countries around the world. In the chart below you'll see the average annual tuition for a bachelor's degree (or equivalent) at a public university in :
The US is ranked near the top when it comes to expense, but there's one country where tuition is higher: the United Kingdom. And just like us, their tuition costs are on the rise. According to OECD data, tuition in the UK increased from $9,019 for the school year to $11,797 in the school year, a 30% increase.
While university tuition in many places is increasing, there are still a number of countries that offer free tuition. This includes Denmark, Estonia, Finland, German, Norway, Slovak Republic, Slovenia, and Sweden. Read more