The Top 5 Most Expensive Institutes for Education in 2022
The increasing importance of education in the world has led to the massive growth of higher education institutes across the globe, with more and more students enrolled in these institutes every year.
The rising cost of tuition fees, books, and accommodation has had an impact on the quality of education too, with many institutes spending their funds on infrastructural development rather than providing quality education to their students.
In this
article, we take a look at the top 5 most expensive institutes for education in
2022 and why they are on our list.
Number One: Cambridge University
Cambridge is a collegiate public research university in Cambridge, England. Founded in 1209 and granted a Royal Charter by King Henry III in 1231, Cambridge is one of the oldest universities in the world and its history, and of its many notable alumni is a major contributor to both popular culture and national identity.
The University grew out of an association of
scholars who left Oxford after a dispute with townsfolk. These dissident
scholars moved to nearby Cambridge where they established what would become one
of Europe's most prestigious universities.
Number Two: Massachusetts Institute of Technology
When you combine its strong reputation with sky-high tuition and fees (more than $20,000 a year), it’s no surprise that MIT ranks second on our list. Located in Cambridge, Massachusetts, MIT specializes in science and engineering education.
In fact, many students choose to attend MIT specifically because of its pure science focus—in other words, students are not required to take classes related to business or economics. Instead, they can focus on mastering a discipline like chemistry or biology.
The university offers more
than 100 undergraduate programs and more than 50 graduate programs. The school
also boasts a student population of around 11,000 undergraduates and 6,500
graduate students.
Number Three: Imperial College London
It is a public research university located in London, United Kingdom. It was founded in 1907 as a constituent college of the University of London and became a federal university within The University of London in 1937.
As one of two universities operating under an amended Royal Charter, it is granted powers to award degrees by Letters Patent without needing any further accreditation or government approval, making it one of eight privately funded universities with degree-awarding powers.
To date, Imperial has awarded more
than 100,000 degrees.
Number Four: Oxford University
Located in Oxford, England, Oxford University is one of the oldest institutions of higher learning. Founded more than 800 years ago (in 1096), it was granted a royal charter by King Henry II. The university has grown from a small collection of scholars to become a premier destination for international students and academics.
More than 20,000 full-time undergraduates
study at Oxford each year, and nearly 1 million individuals take classes at its
various schools. It’s also home to several world-class museums and
libraries—the Bodleian Library houses more than 11 million books—and is known
for its beautiful architecture.
Number Five: Harvard University
$400,000 USD: Since 1636, Harvard has produced some of America’s most important leaders. Located in Cambridge, Massachusetts (just across from MIT), Harvard is comprised of eleven undergraduate and graduate schools that cover a wide variety of fields.
The main reason people pay $400,000 USD to go here is that it’s prestigious and Ivy League.
It’s also one
of only nine universities worldwide that are considered a Public Ivy, meaning
they have very high research activity and offer many public-interest
opportunities. While tuition can be steep, Harvard also offers generous financial
aid packages.
Suggestion
Going to school is expensive, and it’s only getting more so. By 2022, one university (MIT) could charge $35,000 per year for tuition alone. Here are five of your most expensive options for education over that same time period—five schools you can send your kids to if you have a few million dollars lying around!
It’s also worth noting that these schools aren’t ranked by cost alone; they offer quality education as well. For example, NYU has high rankings on several lists, including those published by Forbes and US News & World Report.
However, each of these schools will cost you hundreds of thousands of
dollars to attend—and many students take out loans or work while attending
school full-time to make ends meet.
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