The cost of education in U.S. is increasing out of all proportions. Tuition at universities in the U.S. averages
$30,000 annually, and students often graduate in debt that will take more than 10 years to repay. It forces too many talented kids to take any job available just to be able to start their life at zero... somewhere in their late thirties!
There was a time when you could to get through University by working. There was a time when the GI Bill covered tuition and rent, at least. Today, a year on the GI Bill can't cover a quarter's tuition! It's not that the GI Bill is too low, it's the price of education that has gone through the roof and well above inflation rates! At the same time, I think that most people would agree that the quality of education diminished from Kindergarten to Graduate School.
Is America looking forward to a future where the few educated rich will rule over the wast uneducated masses? Is this intentional? Does anybody remember the line by Victor Hugo that "
He who opens a school door, closes a prison?" The rest of the world does not follow this nonsense.
Harvard costs
$52,000 per year while one of the world's greatest universities,
University of Cambridge in England costs around
$19,000 per year. You can be pretty sure that the quality of education will be the same or even better.
One of the top management schools,
Rotterdam School of Management at Erasmus University in the Netherlands costs
$11,500 per year which is almost one third less than
Michigan's Ross School of Business.
Tuition for Albert Einstein's old school,
Swiss Federal Institute of Technology (ETH) in Zurich is only
$750 (580 CHF) per semester (both graduate and undergraduate studies) and you do not have to be a Swiss to pay only that. The fee is same regardless of nationality. You only need to pass an entrance examination.
If this trend continues, U.S. will start lagging intellectually and economically behind the rest of the world. If this bubble bursts, the future looks dim...