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College and University Discussion
Reply to "Consensus world view of TOP 5/6 UK University Rankings (Prestige/Research)"
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[quote=Anonymous]17 pages is 16 too many for me to read. Apologies if this has already been pointed out: There can be a cost/time savings that deliver the “opportunity benefit”. (Is there a phrase for the opposite of opportunity cost?) I imagine that many of these schools are three rather than four year programs. One less year of tuition, and one more year to earn income. Our son is taking the following path at U Melbourne, which confers a three year bachelor degree, similar to the UK schools. The following is tuition only. Living expenses are similar in desirable locations, and should be added. Total three years tuition: AU$160,000, or approx US$100,000. This *includes* a one semester exchange at Wharton. Compared to $300k four years tuition only at a T25-100 US school? No comparison. Difference in fees is $200k, and add to that the gained year of earned income approx $80k. The value is there, and I really like the way the OP framed the status evaluation. We only considered the top commerce/business school in Oz bc we don’t think he will go to grad school, and he wanted a recognizable name. For students who are heading to grad school, the less prestigious but excellent unis listed by the OP are great choices. [/quote]
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