“College is the best time of your life. When else are your parents going to spend several thousand dollars a year just for you to go to a strange town and get drunk every night?” — David Wood
Certain degrees are in demand from year to year due to the dearth of qualified professionals to meet the skills criteria for successful employment. The most sought-after degrees tend to require a high level of education and sometimes a hefty and lengthy educational investment. Degrees are awarded in colleges and universities around the world, and there is, of course, a cost associated with enrolment and the eventual conferring of the degree.
“Education is the most powerful weapon which to use to change the world.” – Nelson Mandela
Twenty-first-century college students want to change the world. They ultimately want to make money—but also to make a difference in their communities while they are doing it. The ethos of working purely to earn money has faded and young people now are more interested in finding a career that is fulfilling, meaningful, and fun.
The college or university a student graduates from can make a big difference in the way they are perceived by recruiters following graduation. Evidence of graduation from expensive colleges and universities implies the student is backed by money and their family takes their education very seriously. Have you heard the phrase, “Ivy League education”? That refers to the elite eight US schools: Harvard, Princeton, Yale, Penn, Dartmouth, Cornell, Columbia, and Brown. The UK has a number of elite universities after its leading “OxBridge” (Oxford and Cambridge universities), Edinburgh, Durham, St Andrews, Exeter, Imperial, Kings, University of Manchester, and the University of Glasgow. For an elect few students, cost is no concern, and parents happily hand over bank details to pay the highest prices for their son’s or daughter’s college education, carrying the prestige of the college named on their diploma. For other less well-endowed students, their tertiary education debt can amount to hundreds of thousands of dollars.
In terms of the price of tuition and fees for a four-year bachelor program, the United States far exceeds the rest of the world. Where wages remain low, colleges are institutions available only to the wealthiest. Here is a condensed list of the 8 most expensive colleges and universities in the world in 2023. The figures are per year of tuition.
8. University College London, United Kingdom – $25,000
This university was founded in 1826, but gender equality only took place in 1878, when University College London began admitting women using the same admission standards men were held to. This college was the first in the United Kingdom to accept students from any social class or religion. Alexander Graham Bell is counted among the university’s famous alumni. The second largest in the UK is University College London (UCL), however, considered the largest by enrollment of postgraduate students. There have been 30 Nobel Prize laureates from amongst UCL students and staff over the years. The main campus of UCL is located in the culturally famous Bloomsbury area of London, and the university has 51,000 students and 16,000 staff. There are scholarships and bursaries available.
● 8th in the world (QS World University Rankings 2023)
● 4th in Europe
● 4th in the UK