Britain and the US are famous for high university tuition fees, but they actually don’t top the list of places that parents spend most of their income on higher education for their children.
Online B2B supplier site Expert Market analysed tuition fee data from the Quacquarelli Symmonds (QS) Top Universities, for academic year 2014/2015 and the Gallup Median Self-Reported Income report data in 2013.
It found the UK and US are actually somewhere in the middle of the top 11.
The list, which is based on tuition fees for a standard bachelor’s degree as a percentage of household incomes around the world, shows that some parents are willing to spend over 90% of their income on a standard bachelor’s degree at a public institution.
Hungary: Average salary £24,631
Cost of tuition £22,56 = 92% of average earnings
Romania: Average salary £19,323
Cost of tuition £16,624= 86% of average earnings
Estonia: Average salary £33,189
Cost of tuition £25,332 = 76% of average earnings
Chile: Average salary £21,304
Cost of tuition £15,569 = 73% of average earnings
Malaysia: Average salary £22,180
Cost of tuition £11,875 = 55% of average earnings
United States: Average salary £115,042
Cost of tuition £60,583 = 53% of average earnings
Ukraine: Average salary £29,221
Cost of tuition £15,308 = 52% of average earnings
Lithuania: Average salary £32,664
Cost of tuition £15,769 = 48% of average earnings
United Kingdom: Average salary £62,574
Cost of tuition £26,997 = 40% of average earnings
Singapore: Average salary £64,045
Cost of tuition £23,353 = 36% of average earnings
Data Source: Expert Market
Article Source: Business Insider