They say that education is insurance. But to me, it is more of an investment. You invest your money in education, and get returns (in some way or another). Just how big are your returns depends on where you invested, and how. In some cases, the investment might not be worth it. Universities and grad schools these days are charging ridiculously exorbitant sums most people can’t think of affording. That is not to say that they aren’t worth it. But some of them might not. You might be interested to know that some of the most expensive universities in the world are not located in the posh gulf region where the extremely rich Arabs spend money on all kinds of things, nor are they among the famed ivy league universities that have produced some of the most brilliant people in the world. Oh no! In fact, the average person might never even have heard of them. If you’d like to know, here is a list of the top 10 most expensive universities in the world.
1. Sarah Lawrence College – $55,788
At a whopping $55,788, Sarah Lawrence College was crowned the most expensive university in the world by Forbes. In response to the Forbes revelation, the university defended the hefty price tag by pointing out that students and faculty interactions are greatly encouraged, and that the faculty gives twice as much focus to individual students than any other college or university. Along with the regular semesters, various seminars and tutorials are held for better grooming of the students. Grades are supplemented with detailed teacher evaluations, which has a more profound impact on the students’ professional career. Based in Bonneville, New York, this university charges around $42,000 annually. The rest is accommodation charges. No doubt it is one of the best universities out there. This might be one institution that’s really worth its salt.
2. George Washington University – $54.385
Based in Washington DC, this is one of the largest universities in the United States. It offers around 87 fields you can major in, including fields like media and journalism, world history, current affairs, political science, and so on. It also has one of the largest faculty of any university. The tuition fee is higher than Sarah Lawrence College, but the accommodation charges are lower, but only just. Although tuition fees are rising every year, already enrolled students only have to pay according to the fee structure in their freshman year. I guess that’s some relief, since the fee goes up by around a $1,000 each year.
3. New York University – $52.933
Mostly an art college. NYU offers around a dozen undergraduate programs in majors such as liberal studies, arts, nursing etc. Definitely one of the most expensive colleges for what it’s worth. It does have a lot of reputation though.
4. Georgetown University – $52,275
Another very expensive university, not very far behind NYU. Accommodation charges as almost as high as SLC. Based again in Washington DC, this is one of the oldest institutions of the country, and it has a Catholic origin. It boasts of famous alumni who are politicians, judges, basketball players, and so on.
5. Vanderbit University – $51,241
Vanderbit University is located in Nashville, Tennessee. It is also one of the largest universities in the country. It offers a lot of undergraduate and graduate programs ranging from engineering to social sciences to arts to humanities to political sciences and so much more. Considering the many colleges and the large faculty, the large price tag seems somewhat justified.
6. Columbia University – $51,185
Based in New York, this is considered as the 8th best undergraduate university in the country. Also, it is he only Ivy League university to make it to the top 10 most expensive universities.
7. Brad College – $51,175
Brad College is a very old institution that was established in 1860. It is located in the Hudson Valley, and provides more than 40 majors in arts and liberal sciences. In fact, it is one of the best art colleges of the world.
8. Carnegie Mellon University – $50,804
Based in Pittsburgh, this is one of America’s most popular universities. It has campuses abroad as well. One such campus is in Qatar in the U.A.E. They have very flexible payment and loan options though.
9. Johns Hopkins University – $49,778
Johns Hopkins University offers more than 60 majors, making it one of the largest universities with respect to faculty and undergraduate programs. It is considered to be the 13th best university in the United States.
10. Wesleyan University – $49,776
Students can choose from up to 47 majors, ranging from science to arts, and education to politics. It is based in Connecticut, where more than 3,000 students of this university reside. Degree gets excellent recognition, and this is one of the best universities in the country. If you want to study for Masters, then you might want to stay at this university, because they will waive your Masters fees if you have completed your Bachelors from here.
There’s our list of the top 10 most expensive universities in the world. As you can see, some of these aren’t very popular. Heck, and most are so over priced that only the elite can afford to study there. Frankly speaking, there isn’t much difference in the tuition fees and accommodation charges for these universities, because if you can afford to go to a $49,776 university, chances are, you can also afford a $55,788 university. So it isn’t really important what university charges you the most. What matters is that, which university will groom you the best. Because education is an investment after all. And as with any business, you’d want to pitch in your money where your chances are the best, not where it requires the most investment.