So, who takes the cake in 2016? [Insert the proverbial, “the answer may surprise you!”]
BI writer, Lianna Brinded, reported on a study of top universities for the 2014-2015 academic year and the self-reported income data in 2013, “The list…shows that some parents are willing to spend over 90% of their income on a standard bachelor’s degree at public institutions for their kids.”
Essentially what this list comes down to is not necessarily “which country’s education costs more,” but rather, “which country’s education costs more in relation to income.”
Obviously, the US’s colleges cost more than the other countries’ listed, but because our EFC (estimated family contribution) is so high, our higher education does not, comparatively, burden us as much as it does for students living in Hungary, Romania, Estonia, Chile, and Malaysia.