Costs of Undergraduate and Graduate Degrees to students in the European Union versus costs to students pursuing undergraduate/graduate degrees in the United States Name of the of the of the instructor Date Introduction: Taking education from reputed and recognized university is expensive for students and their parents…
In countries, where education was not expensive, a major increase in the fees has been observed in the past few years. The example is Canada where the fee structure doubled in the last ten years. The fees of universities differ in terms of the courses, level of degree and between national or international students. Students take admission in the institutions where they are able to bear the fees because the cost of education varies from region to region. The international students are very particular in taking admission in those colleges or universities where they can afford the fees because most of these students take financial aids from the bank or funded by themselves. The international students have to show their financial balance sheet in order to take admission in a good university and they have to prove from their balance sheet that they can afford all the expenses in the first year of their education. If they are not able to meet these requirements, then they are not eligible to apply for student’s visa. In the universities of USA, it is comparatively easy to get admission because of the facility of university funding but in UK and other European countries, it is relatively difficult to take admission. The students in order apply in universities of Europe fulfill more complexed requirements and formalities and because of variation in the education cost, these universities deal with two aspects that include the cost of tuition and living expense. The purpose of this study is to compare the cost of educational degree in USA and European Union and compare which region is more suitable to study for students. Higher education differs from university to university and it is not sure that how college experience of student is going to be. In each university, there are different rules and regulations that students have to follow to compete with the social standard and reputation of university. There are some obvious similarities between the colleges and universities of the United States and the European countries. The standards of the United States universities are different from the standards of the European institutes and there is a cultural difference in both regions and this difference reflect in their system of education (Sheng 2012). Education in European Countries: In the 2020 Strategy of Europe, the European Council has made a structure of Union to gather all the instruments that include expansion of jobs and high growth. The main target of the European Union in this strategy is to increase the education level and all the members of the European Union must fulfill the education requirements that council have made. The economic research recently conducted reveals that in order to achieve the goals and meet the future objective of European Union, measures should be taken to improve the education in the region. The European Union has developed human capital policy because it is recognizing the significance of giving education to the people. The basic motive of the European Union to educate its citizen is that union understands upcoming requirements of education and more skills needed from people to compete in future. The cost of degree in universities of Europe is relatively low but top ten universities are planning to increase the fee structure of students and they are trying to increase the fees up to ?4,000 this year. However, they are certain requirement that ...
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