Blog 9: where college tuition is free, debt can still be a problem

Summary:  When it comes to college tuition people people tend to focus on price.  In the United States the cost to attend school has increased dramatically throughout the decade.  America is only one of many countries around the world that try to balance high cost of higher education, with the dividends that come from a well school population.  Some of the universities in Europe have a higher debt than the United States; for example in the United Kingdom carries an average of over 40,000 dollars in student debt, compared to the US average of 27,000.  Also for countries with free education aren't always as good as they seem.  In Sweden students still have to borrow to pay for college fees and have an average student debt of 19,000 dollars.  Today there are over 20 million students that attend college each year, and over 14 million of them are going to have student debt when they are finished with college.  In Canada alone there are over 15 billion dollars in student debt accumulated, and in China over 8.1 billion.  Even though countries state that the cost to attend school is free, it really isn't.

Analysis:

I am very surprise to see what is going on around the world with college tuition.  Even though there are some countries that are free to attend for the college level education, they still have campus fees that can bring them student debt as much if not more than the average for the United States.  The only main difference with the schools around the United States is the level of education.  In the United Kingdom you can pass a class with above a 35% average, while in the United Staes the average is above a 60%.  Ultimately, nonprofit colleges' infograghics seems to suggest that even where college is free, it isn't always a bargain.

http://www.dailyfinance.com/on/student-loan-debt-countries-free-college-tuition/