Can you afford the Top Universities in Europe?

We all want the best for our children. This includes a quality education at a reputable university.

Being expats living abroad, or as some like to be called ‘global citizens’, the world is your oyster, and your children will more than likely attend a university abroad. This will of course lead to you paying international tuition fees for their studies. Because you live abroad, you might no longer be eligible for cheaper education back in your home country.

This quality education does come at a premium though. Can you afford to send your children to the best schools? 

Fees could end up in the hundreds of thousands. Remember to include admin fees, tuition fees, textbook fees, accommodation and transport fees, membership fees and general living expenses.

Below are the 2022 average tuition fees for a year of undergraduate studies at the top universities in Europe compared to the rest of the world. *

International student fees

University

Global ranking

Tuition costs per annum for a business degree

Massachusetts Institute of Technology (MIT) - USA

1

$53 000

Oxford university - UK

2

$38 000

University of Cambridge - UK

3

$31 979

Imperial College London

7

$33 130

ETH Zurich – Swiss Federal Institute of Technology (most master’s degrees in English)

8

$1 600

University of Edinburgh

16

$31 778

University of Manchester

27

$41 000

King’s college - London

35

$38 822

Universite PSL - Paris

44

$3 167

Technical University of Munich (many courses in English)

50

Small administrative fee

University of Amsterdam (20 Bachelors’ degrees in English and 200 Master’s degrees)

55

$11 000

KU Leuven – Belgium (some bachelor’s programmes in English)

70

$2 287

Lomonosov Moscow State university (several programmes in English)

78

$4 000

University of Copenhagen (no courses in full English)

79

$14 056

Lund University – Sweden (some courses in English)

87

$13 000

Trinity College - Dublin

101

$58 000

Politecnico di Milano (some courses in English)

142

$1 846

University of Vienna

151

$1 730

Universitat de Barcelona (some courses in English)

168

$1 000

University of Porto (some courses in English)

295

$5 100

 

If these costs are daunting or you don’t want to eat into your disposable income, you might need to invest in an education savings plan if your children are still small so you can ensure they can attend any school or university they so desire. Chat to your financial adviser about starting an education plan to ensure your children’s future education. [email protected]


*topuniversities.com

Please note, the above is for education purposes only and does not constitute advice. You should always contact your deVere adviser for a personal consultation.
* No liability can be accepted for any actions taken or refrained from being taken, as a result of reading the above.