“College is the best time of your life. When else are your parents going to spend several thousand dollars a year just for you to go to a strange town and get drunk every night?” — David Wood
Engineering remains the in-demand degree across the employment spectrum and students have many colleges and universities from which to choose. How will students choose which to attend? Some will compare the achievements of former graduates. Others will examine course work and curricular pros and cons. Then there are those who compare costs and will only study at the best, meaning only the most expensive engineering program will do.
“Education is the most powerful weapon which to use to change the world.” – Nelson Mandela
The new generation of college students want to change the world. They want to make a difference in their communities and make money while doing it. Working just to earn money takes a backseat to finding a career that is fun, fulfilling and meaningful. The old methods of motivating young people to further their education do not work as well anymore. They don’t want to know the potential return on their investment in college or listen to how much more they can earn over a lifetime with a college degree than they will if their education ends after high school. Today’s college students want the Excalibur of education. They want the best their parent’s money can buy.
The college or university a student graduates from can make a difference in the time between graduating and working, though. For an elite few, expense is no concern and parents happily hand over debit cards to pay the highest prices possible for their child’s college education and the prestige of the college named on their diploma.
The United States far exceeds the rest of the world in the price of tuition and fees for a four-year bachelor program. On the list of most expensive colleges, the United States dominates. Globally, the cost of a college education excludes those in countries with seemingly low tuition. Where wages stay low, colleges stay institutions available only to the wealthiest. Even in countries offering free college educations, students can end up paying the balance ten years after graduation. In these locations, tuition as a percent of annual income puts them on the list of the world’s most expensive colleges.
10. University of Cambridge, Cambridge England, United Kingdom
Records of the University of Cambridge reach back to 1209 when the area was an ancient Roman trading post, making this the second oldest university in the United Kingdom. Cambridge currently has 21,000 students with around 1,300 of those coming from 65 different countries. Degrees in engineering, psychology, and natural and behavioral sciences as an international student come with high price tags.
Tuition for the bachelor programs listed above has tuition costs of $31,000. With fees for domestic and pastoral services at approximately $7,980 and living expenses estimated at $11,755, parents will pay around $49,000 to send their child to Cambridge University.