Globalization and so-called “flat world” influenced not only the global economy, but also the educational system. Today, students are free to choose the country of studies, and this choice is often defined by a number of important factors. Needless to say that the quality and affordability are usually the top priorities. Our article will offer the statistical data on the cost of higher education in various countries, concentrating on those offering the cheapest universities and living costs. The list of the cheapest countries to study is based on the FAIRFX’s ranking for 2015-2016.
The annual average cost of studying in India (the sum of tuition fees and living expenses) is £3,630. At the same time, the quality of some institutions is not that bad. For example, the Indian Institute of Science is ranked as 147th best university to study in the world according to the QS World University Rankings® 2015/16. The Indian Institute of Technology Delhi is ranked as 179th best university to study. So, in case of India, we may conclude that not only the economic benefits are switching from the rich economies to developing countries, but also the educational advancements are turning in favor of India.
Studying in Russia is attractive to many international students due to the relatively cheap cost of living and tuition fees. The average cost of education is calculated at approximately £4,450. The top-ranked universities in Russia are the Lomonosov Moscow State University (ranked #108 according to the QS World University Rankings® 2015/16) and Saint-Petersburg State University (ranked #256).
The combination of annual cost of living and tuition fees at the level of approximately £5,862 makes Denmark one of the most attractive and the cheapest country to study in Europe. Moreover, Denmark is known for its high academic standards, excellent quality of living and environmental safety. The best universities to study in Denmark are the University of Copenhagen ranked as the 69th best school in the world, the Aarhus University which is ranked as the 107th best school and the Technical University of Denmark (#112 in the QS World University Rankings® 2015/16).
The annual cost of studies in Mexico is calculated at a level of £6,130. The best universities are ranked as the 160th best uni to study in the world (Universidad Nacional Autónoma de México) and the 238th best school to study (Instituto Tecnológico y de Estudios Superiores de Monterrey). Even though Mexico has less attractive rankings and cost of studies than India, Russia and Denmark, taking into consideration the geographical features, it is a good alternative for students living in the Southern America.
The annual average cost of studying in Spain is £6,633. Taking into account the relatively high standards of educational programs, the pleasant climate and diverse culture, Spain is definitely one of the best countries to study in Europe. The best universities in Spain are considered the University of Barcelona, the Universidad Autónoma de Madrid and the Universidad Autónoma de Bercelona, all ranked within top-200 best schools to study in the world. By the way, the Universidad Autónoma de Bercelona has the 23rd best veterinary program in the world.
Small country in the Western Europe that is characterized by the high standard of living and relatively low cost of education for the top quality. The annual expenses for being a student in Belgium are calculated as £6,728. KU Leuven University is in top-100 best places to study, while its Dentistry program is ranked #5 best program in the world.
China beats the rankings year by year. It moves forward in all spheres, including the educational. Thus, China’s universities are ranked #25 (Tsinghua University), #41 (Peking University), #51 (Fudan University), #71 (Shanghai Jiao Tong University), #110 (Zhejiang University) and #113 (University of Science and Technology of China), while the annual cost of studying is relatively low (£6,954).
The cost of studies in Taiwan is almost the same as the cost of studies in China. However, the quality of education is lower. The best universities of Taiwan are the National Taiwan University (ranked #70), National Tsing Hua University (ranked #155) and the National Chiao Tung University (ranked #182). Nevertheless, those who want to study Electric Engineering can set their choice upon the National Taiwan University, where this program is considered the 15thbest in the world.
Finland’s state universities have no tuition fees. However, students have to take care of the living expenses. The approximate annual cost of studying in Finland is around £7000. Finland is famous for the University of Helsinki (ranked #96), Aalto University (ranked #139) and the University of Turku (ranked #233). Finland has strict climate, but is attractive for those, who love winter sports and true Northern atmosphere and traditions.
France proudly locates some of the top-ranked universities in the world. Ecole Normale Supérieure, Paris (ranked as the 23rd best school in the world), Ecole Polytechnique (ranked #40) and Université Pierre et Marie Curie (UPMC) (ranked #137) make France one of the top destinations for international students. Aside from the quality, the rich culture and history of the country and its standard of living intensify the popularity of France. The cost of studies in France is £7,129 which is relatively cheap for Western Europe.
The annual expenses for studying in Turkey are set at a level of £7,300. While the climate, culture, historical and recreational attractions of this country are superior, the quality of education is not the same. Most Turkish universities are ranked# 400-500. The key institutions are considered Bikenk University and Middle East Technical University. The last has relatively good Engineering Mechanics program.
Sweden has a number of good universities at the top of which are the Lund University (ranked as the 70th best school in the world), KTH Royal Institute of Technology (#92 in the world), Uppsala University (#102). The universities are publicly funded. They are very old and have excellent amenities and research facilities. The expenses for studying a year in Sweden are calculated at a level of £7,500.
Of course, the calculation of annual expenses is approximate and depends on many features. Some countries have cheaper rates for domestic students and expensive tuitions for foreigners. Nevertheless, this article can give the general idea of the cheapest universities and the cheapest country to study putting the light on the quality of education in various countries.