We all want the best for our children. This includes a quality education at a reputable university.
Being expats living abroad, or as some like to be called ‘global citizens’, the world is your oyster, and your children will more than likely attend a university abroad. This will of course lead to you paying international tuition fees for their studies. Because you live abroad, you might no longer be eligible for cheaper education back in your home country.
This quality education does come at a premium though. Can you afford to send your children to the best schools?
Fees could end up in the hundreds of thousands. Remember to include admin fees, tuition fees, textbook fees, accommodation and transport fees, membership fees and general living expenses.
Below are the 2022 average tuition fees for a year of undergraduate studies at the top universities in Europe compared to the rest of the world. *
International student fees
|
University |
Global ranking |
Tuition costs per annum for a business degree |
|
Massachusetts Institute of Technology (MIT) - USA |
1 |
$53 000 |
|
Oxford university - UK |
2 |
$38 000 |
|
University of Cambridge - UK |
3 |
$31 979 |
|
ETH Zurich – Swiss Federal Institute of Technology (most master’s degrees in English) |
8 |
$1 600 |
|
University of Edinburgh |
16 |
$31 778 |
|
University of Manchester |
27 |
$41 000 |
|
King’s college - London |
35 |
$38 822 |
|
Universite PSL - Paris |
44 |
$3 167 |
|
University of Amsterdam (20 Bachelors’ degrees in English and 200 Master’s degrees) |
55 |
$11 000 |
|
KU Leuven – Belgium (some bachelor’s programmes in English) |
70 |
$2 287 |
|
University of Copenhagen (no courses in full English) |
79 |
$14 056 |
|
Lund University – Sweden (some courses in English) |
87 |
$13 000 |
|
Trinity College - Dublin |
101 |
$58 000 |
|
Politecnico di Milano (some courses in English) |
142 |
$1 846 |
|
University of Vienna |
151 |
$1 730 |
|
Universitat de Barcelona (some courses in English) |
168 |
$1 000 |
|
University of Porto (some courses in English) |
295 |
$5 100 |
If these costs are daunting or you don’t want to eat into your disposable income, you might need to invest in an education savings plan if your children are still small so you can ensure they can attend any school or university they so desire. Chat to your financial advisor about starting an education plan to ensure your children’s future education. [email protected]
*topuniversities.com
Please note, the above is for education purposes only and does not constitute advice. You should always contact your deVere advisor for a personal consultation.
* No liability can be accepted for any actions taken or refrained from being taken, as a result of reading the above.