The United States is the first country that comes to mind when it comes to student loan debt, but we aren’t the only country racking up the bills. Find out who else is spending big on higher education. Tweet: http://clicktotweet.com/4i3UY
What do you think of your country’s higher education program? Do you think the system in the United States will ever change? Let us know in the comments!
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Comments
I would just like to inform you that public undergraduate students in England (exclusively) studying from the entry year of 2011 pay an increased tuition fee of 9000£ (14600$) a year. Very much comparable to in-state tuition in the US currently. The difference is that loans here are payed off with zero interest, and you are only required to pay it back if you make a yearly income of over 21,000£, so it is practically impossible to default from student loans. Yesterday I spoke to Vince Cable, the MP responsible for implementing these changes, who justified the tuition fee increase by by claiming that universities were struggling to keep up with the previous rate of public funding. He also mentioned that number of applicants for universities have not decreased since the implementation. Unfortunately English students are catching up to US students in terms of university loans!