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According to a study by the the Economist Intelligence Unit (EIU), the affordability of a 4-year undergraduate degree in Singapore is set to worsen drastically by 2030.
Currently, the cost of that degree as a percentage of an individual’s income is 53.1% and is be set to rise to 70.2% in 2030. In other words, the degree will become 32% more expensive relative to individual income.
Since 2010, all local universities have been raising their annual tuition fees with an increase in operating costs being cited as a key factor. Last year, the increases ranged from 0.6% to 8% for local undergraduates.
For example, the annual tuition fees of a law degree increased by $750 (or 6.4%) from $11,650 to $12,400.
Even though Singapore ranks 11th out of 25th in terms of the affordability of a degree, there are several glaring aspects about Singapore’s education system.
Full article at EIU: 4-year degree in Singapore to become less affordable by 2030
Currently, the cost of that degree as a percentage of an individual’s income is 53.1% and is be set to rise to 70.2% in 2030. In other words, the degree will become 32% more expensive relative to individual income.
Since 2010, all local universities have been raising their annual tuition fees with an increase in operating costs being cited as a key factor. Last year, the increases ranged from 0.6% to 8% for local undergraduates.
For example, the annual tuition fees of a law degree increased by $750 (or 6.4%) from $11,650 to $12,400.
Even though Singapore ranks 11th out of 25th in terms of the affordability of a degree, there are several glaring aspects about Singapore’s education system.
Full article at EIU: 4-year degree in Singapore to become less affordable by 2030
