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USA ranks #1 in tuition fees

USA ranks #1 in tuition fees

The U.S. ranks over Chile, Japan and Canada in tuition fees.

Tuition fees in the U.S. private and public schools rank amongst the highest in the world.

In a report developed by the Organisation for Economic Co-operation and Development (OECD), the United States education tops the list of 35 member countries, just above Chile, Japan, Canada and Australia, who complete the top 5.

Tuition is too high. Image credit: Odyssey

This index presented by the OECD aspires to provide incentives for greater efficiency in schooling, as international comparisons open the possibility to new policies that enhance social and economic landscapes.

On average, OECD countries spends 10,759 USD a year on educational institutions to educate each student.

The price tag of tuition

Tuitions are what a college charges your for the instructions they provide while fees are what they charge you for services.

In some college programs, tuition and fees can be larger as computers, engineering and sciences tend to grow the expense, considering this ads up to library, campus transportation and athletic facilities.

With this in mind, U.S. public school students are capable of spending over 8,000 USD annually, nearly double of what Japanese and Chilean students could pay.

On the private fee, the United States shows a considerable gap in comparison to the rest, as over 21,100 USD are spent every year.

Australia is who most approaches the levels of U.S. education, but still lacking far behind, as costs round up to 8,827 USD.

College expenses in the U.S.

According to The College Board, these are the expenses for each category in U.S.schools:

  • Housing and meals: The College Board reports that the average cost of room and board in 2016–2017 ranged from $10,440 at four-year public schools to $11,890 at private schools.
  • Books and supplies: The College Board reports the average cost for books and supplies for the 2016–2017 school year was $1,250 at public colleges and $1,230 at private colleges.
  • Personal and transportation expenses: The College Board reports that expenses in this category for 2016–2017 ran from $2,720 at private colleges to $3,270 at public universities.