Studying abroad, the first hurdle that traps many students is the cost problem.
When it comes to study abroad fees, many people's first reaction is: expensive!
As two of the two largest parts of the cost of studying abroad, in addition to tuition fees, the largest proportion is the cost of living.
So is it true that the cost of studying abroad in the United Kingdom and the United States is much more expensive than that in Hong Kong and Singapore? Let's take a look!
Recently, the EIU (Economist Intelligence Unit) released its latest "2021 Global Cost of Living Report", which explores the rise and fall of the cost of living in 173 cities around the world, and compares more than 200 daily products and services in major cities.
The data shows that since the outbreak of the new crown epidemic, tight supply chains and changes in consumer demand have led to an increase in the cost of living in many large cities, and inflation has reached its highest level in the past five years. Tel Aviv has jumped from fifth in the world last year to the first this year on higher food and transport prices, as well as a surge in the exchange rate of the Israeli currency shekel against the dollar.
Paris, France, and Singapore are tied for second
From 4th to 10th places are Zurich, Switzerland, Hong Kong, New York, Geneva, Switzerland, Copenhagen, Denmark, Los Angeles, and Osaka, Japan.
Sure enough, as an international metropolis with a reputation at home and abroad, it is reasonable that the cost of living ranks among the best.
And students often go to the chosen study abroad city:
Top5 Hong Kong, China
Top6 New York, USA
Top 9 Los Angeles, USA
Top 10 Osaka, Japan
Top13 Tokyo, Japan
Top 14 Sydney, Australia
Top 16 Melbourne, Australia
Top 17 London, UK
Top27 Edinburgh, UK & Auckland, New Zealand
Top50 Pittsburgh, USA
Top79 Toronto, Canada
None of them made it to the top three, and London rose three places from last year to tie for 17th place.
As can be seen from this ranking, since Singapore and Hong Kong have the fewest available cities to study abroad (only this one), studying in these two cities can be said to be the most expensive.
It is followed by Australia, where most of the schools available are also concentrated in Sydney and Melbourne.
Because Los Angeles and New York represent the two coasts of the east and west, the cost of these two regions is relatively high, while the central region will be correspondingly cheaper, but considering the poor security in the central region and the two-year graduate school system in the United States, the cost of the United States is actually quite a lot.
In contrast, the Uk spends the least, although the pound has always given the impression that "the exchange rate is the highest, so the UK spends the most", but the statistics will not deceive, London's spending is only barely "among" the top 20, let alone other cities?
So how much does it cost to spend on cities outside of London, UK?
According to the Economist Intelligence Unit, the most expensive city outside london is Edinburgh, ranking 27th.
And the so-called "Big Cities in the Uk" like Manchester, Leeds, Birmingham, Glasgow, Southampton, etc., are "lonely and nameless" or even "unworthy of names" in this ranking, which really verifies that some students jokingly call "the UK is a village except London"!
In addition, many students also asked: Will Brexit lead to an increase in the cost of studying abroad?
According to the Economist Intelligence Unit, despite the impact of Brexit and the impact of the new crown epidemic on the economy, the cost of spending in British cities has not changed significantly, and it is still in a relatively stable state.
Surprisingly, Suzhou in China and Toronto in Canada actually ranked in the top ten of the list of rising cost of living.
Why do people think that studying in the UK is "expensive"?
The United States is a 2-year system, the tuition fee + living expenses of studying for 2 years are naturally higher, but the United Kingdom, Hong Kong, and Singapore are all 1-year systems, why do you still think that the cost of studying in the United Kingdom is the most expensive?
Cause analysis:
The exchange rate of the british pound is quite high, even higher than the exchange rate of the US dollar, which naturally makes people feel expensive.
Although the cost rankings of British cities are not high, or even "lonely", in addition to living expenses, there are the most critical tuition fees for studying abroad, and the higher the uk, the higher the tuition fees.
Generally speaking, most of the master's degrees in British universities are more than 200,000, and the tuition fees are more expensive. While Hong Kong's tuition fees, education/social sciences and other unpopular majors are more than 110,000, if it is a more popular business subject, it is nearly 20W. Most of the tuition fees in Singapore are 100,000 to 150,000, compared to the United Kingdom, the tuition fees are still relatively cost-effective.
Although the cost of cities in the UK is relatively low, the tuition fee is still not low, and the comprehensive cost is still more expensive than that of Hong Kong and Singapore.
From this ranking, we can see that Canada's study abroad is the most cost-effective, after all, the cost of living is low, and there is also a university like the University of Toronto that ranks 26th in the world's comprehensive university rankings
However, although the data is true, sometimes you need to take into account the cost of your studies, so it is more realistic to consult the teacher of the study abroad bridge! Or it is better to listen to the advice of the senior students who have stayed in school.
There are two options for studying abroad: Sino-foreign cooperative education and direct application, and the direct application for study abroad is long and costly; the shorter the time for Sino-foreign cooperative schools to study abroad, the more money is saved. So, which Sino-foreign cooperative school study model saves the most money?
2 years of domestic universities, 2 years of study abroad Sino-foreign cooperative education programs, after graduation can obtain a bachelor's degree from a foreign university.
Domestic tuition fees are 60,000-120,000 yuan / year, foreign study expenses are 200,000-350,000 yuan / year, and more than 500,000 yuan is required to complete four years.
3 years in China, 1 year abroad, the shortest study time, the most economical study abroad costs, after graduation can also obtain a bachelor's degree from a foreign university.
Domestic tuition fees of 400,000-100,000 yuan / year, foreign study expenses of 200,000-350,000 yuan / year, 4 years to complete the study of about 400,000 to 700,000 yuan RMB.
3 years in China, 1 year for undergraduate study abroad, 1 year for master's study, bachelor's degree from a foreign university after completion of undergraduate part, and master's degree after master's program.
The cost of the first 4 years of 3+2 study abroad is the same as that of 3+1 study abroad, and the cost of master's study abroad is about 350,000 yuan a year, so it takes more than 750,000 yuan to complete the 3+2 study abroad.
In addition to the above ways to study abroad, there are also preparatory courses for studying abroad, 2+3 study abroad and so on. Studying abroad is a kind of experience, and the comprehensive improvement of your own abilities in all aspects will help you have more skills and adaptability than others in the future employment process.
The above global cost of living index provides a very important reference for international students to choose countries and schools, after all, studying abroad needs to consider the cost performance issue. When choosing a country and school, you still need to consider all aspects of the factors to develop the most suitable study abroad plan for yourself
Successful study abroad is up to you, click below to learn more about the preparatory department for studying abroad: Study Abroad Bridge