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I Paid Over S$64K For My Uni In SG, I Could Have Studied Overseas For Half The Cost

(Source: www.asianmoneyguide.com)

As much as we all aspire to do our Bachelor or masters degree in a university close to home, or send our kids to one of the top schools in the country, sometimes budget is an issue. Unless you go to countries with free university education.

A report in 2016 estimated that raising a child in Singapore would cost S$360,000 on average and up to S$1 milllion on the higher end of things.

To no surprise, a bulk of the amount is goes to paying for a child’s tertiary education tuition fees and expenses. In this generation, it is still considered a priority for kids to go to university, and for us adults to pursue further studies if we can afford to. 

Personally, my dad sent me to a private university in Singapore which cost him over S$64,000 in just school fees alone. Coupled with giving me allowances and paying for my study materials, he spent about S$100,000 in just three years. 

In Singapore, t’s HELLA expensive to pay for private university tuition fees. That is why many students are looking abroad to study. 

Here are countries with free university education (or almost free):

1. Norway

countries with free university education

If you’ve ever dreamed of living in a cold country (and we’re talking super cold!), then you will want to consider Norway. Tuition is free at public universities, giving students the opportunity to earn degrees at top-ranked institutions such as the University of Oslo, Norwegian University of Science and Technology, and the University of Bergen. 

However, you must take note of the living costs there. Living expenses in Norway are considered to be higher than in many other countries. The average cost of living for a month in Norway is around S$1,600 including boarding, food and study materials. 

Estimated total cost for 3 years: S$57,600

2. Finland

countries with free university education

Finland used to have tuition-free, state-run universities. However, starting in 2017, it introduced a US$1,650 (S$2,250) fee (or more depending on the course) for international students who wish to obtain their degrees in English. When comparing this to a private university in Singapore which charges north of S$20,000 per year, it’s a huge difference.

But good news for doctoral students, as well as those pursuing their studies in Finnish or Swedish, still pay no tuition. The government also plans to offer scholarships and financial aid to international students with exceptional academic backgrounds.

The cost of living in Finland is also very high, with accommodation and food setting you back about S$2,300 per month.

Estimated total cost for 3 years: S$89,550

3. Sweden

countries with free university education

Only students pursuing research-based doctoral degrees get free tuition in Sweden with some programs of study offering stipends to international students. Nevertheless, students should be aware that Sweden’s high cost of living may put them over budget, even when they pay nothing to earn their degrees.

Accommodation alone will set you back around S$1,000 for a room, and S$400 on food and S$200 on transportation, making the average monthly cost of living in Sweden to be over S$1,600.

Estimated total cost for 3 years: S$57,600

4. Germany

countries with free university education

All students enrolled in any of the country’s public universities can attend for free. German universities also offer a wide range of programs entirely in English at op-ranked institutions, such as the University of Munich and University of Bonn. 

More Info: www.asianmoneyguide.com

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