Dear Friends,
In a prior post, I wrote about the need to provide high quality, free daycare and pre-K through 12 education to all. That is only the bare minimum. We must do the same for post secondary education.
In the United States and generally throughout the world, attaining a bachelor's degree provides a pathway to higher life time earnings as well as a wide variety of non-financial benefits. Here are two summary statements from a report by Lumina Foundation:
Despite enrollment and completion rates declining and Americans’ confidence in higher education falling, the economic case for earning a college degree remains solid. College graduates earn about $1 million more on average over the course of their working years than U.S. adults with no college degree...
The results show that additional years of education beyond high school make for a healthier, more civic-minded individual who is more likely to interact with neighbors and family members and find careers that align with their natural talents and interests.
According to a study by the Education Data Initiative (here), the United States has the highest average public college tuition of all other OECD countries at $9,596 in 2022-23 academic year
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There are many countries that highly subsidize post secondary education. For example,
Norway - While public postsecondary education in Norway is tuition-free, student loans are available for living expenses and private tuition costs.
College students in Norway pay $0.00 for one year of tuition in an average public bachelor’s
Sweden -Tuition in Sweden is free to EU/EEA citizens, and Sweden’s government spends more on postsecondary education than most other developed countries.
- College students in Sweden pay $0.00 for one year of tuition in an average public bachelor’s program;
- For EU/EAA citizens, tuition for the 2024-25 academic year is €175 (equivalent to 182.10 USD at the end of 2024) for a licence (bachelor’s) program;
- For non-citizens, a smaller share of education costs are subsidized; tuition for 2024-25 is €2,850 (equivalent to 2,966 USD at the end of 2024) at the licence (bachelor) level.
- College students in Germany pay $156.70 for one year of fees in an average public bachelor’s program.
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