10 Shocking Facts About Education In The World
The education system in most countries isn’t delivering on the quality required to keep our world moving forward. The system itself feels flawed and the cost of education is rising each year. A facet as important as education should not be allowed to deteriorate, but the quality is dropping with each passing year. More students are under debt now than ever before, sealing the course of their career even before graduating. America is supposed to have a quality education system, but there are many things you may probably not know about this system. Here is a list of 10 shocking facts about education in the world.
Education Is Expensive
If you are choosing a career path, you better make sure it is lucrative. The current price of education at private universities is close to 30,000 dollars each year.
Most of Europe takes its education system very seriously, which is why countries like Germany offer completely free education, even in advanced degrees like engineering and medicine.
Rise In Tuition
The tuition has actually risen quite steeply all over the world. Over the past three decades, the college tuition fees has increased 6% faster than the world inflation rates.
The student debt in the country has gotten so bad at this point that it is actually higher than the credit card debt in the country. It is well over a trillion dollars at this point.
US Is Number One
America doesn’t have the best education system in the world, but the tuition fees is by far the most out of any developed country in the world.
Despite being home to 50 of the top 100 universities in the world, most American children now prefer to study in other countries due to the high tuition.
The issue of student debt has gotten so bad now, that websites like seekingarrangment.com are on the rise. These sites let students sell themselves to perverts in order to pay off their loans.
Nearly one-fourth of all Americans use their credit cards in order to pay off the tuition. This is a great way to fall into the endless cycle of debt.
Even the price of textbooks have skyrocketed in the recent past. In the past decade alone, the price of college textbooks have nearly tripled.
Passing Is Not Easy
After paying all this money, it is not like students are passing out on time. Only one-third of all full-time students managed to receive their bachelor’s degree within the stipulated four years.