My general impression is that Europeans pay a lot less for their higher education. I suspect that matters a lot.
My general impression is that Europeans pay a lot less for their higher education. I suspect that matters a lot.
US tuition was around $6000+, while most of the other Euro countries were well below $2000, with the exception of the UK at ~$4800.
source: http://www.oecd.org/edu/skills-beyond-school/48631028.pdf
I understand that the UK is also in a crisis and that costs have to be reduced. Income has to be raised but with the job market as it is and an pension system that is unfair for young people this increase seems to be very harsh and unfair.
Then the supposedly left-wing Labour party introduced fees and loans as a replacement, supposedly because they wanted to encourage more people to go to university but they couldn't afford to keep it free if that happened. Every few years someone decides to put the fees up. The government don't directly put the fees up, but effectively do by loosening the rules about what can be charged.
Frankly it's a disgrace. We now have hoards of people with worthless degrees (Retail Management? Really?) and massive debts for all of them.
The way the student loan repayments work over a lifetime, this is effectively a 5-10% income tax on middle income people with degrees, but without generating headlines about putting up income tax.
http://statlinks.oecdcode.org/962012031P1G060.XLS http://en.wikipedia.org/wiki/List_of_countries_by_tax_revenu...