The Cost of Higher Education

 



For many students and parents, higher education abroad may have been something they always dreamed of. I often speak with students who tell me that for years their parents have been emphasizing that they want them to study abroad. Key destinations are often the UK, US or Canada.

What many parents and students may not realize is just as the price of food, gas, clothes and cars has rapidly increased, so has education. In fact, higher education may now reflect the largest increase!

In a 2012 Huff Post article on higher education costs it stated, "The cost of a college degree in the United States has increased "12 fold" over the past 30 years, far outpacing the price inflation of consumer goods, medical expenses and food.  According to Bloomberg, college tuition and fees have increased 1,120 percent since records began in 1978."

The attached podcast is an introductory guide to what students and parents should think about when they are planning to study abroad. We hope it provides a realistic introduction to the budget you will need to think about.

http://www.huffingtonpost.com/2012/08/15/cost-of-college-degree-increase-12-fold-1120-percent-bloomberg_n_1783700.html