Saturday, May 18, 2013

How much it costs to get a degree

There is an article in the Sunday Times today with a table showing the comparative costs of getting a degree from countries like Australia, US, UK, Germany and China and what it would cost for a Singaporean to study in Singapore.

The numbers, it can cost up to $262k for an Australian degree, $217k for US, $141k for UK, $64.6k for Germany and $57k for China. These numbers include living expenses and accommodation.

The cost of getting a degree in Singapore for a Singaporean is between $30k to $87k for tuition fees alone, excluding living expenses. For living expenses, a sum of $60k to $100k can be added to give the equivalent full cost of getting a degree.

For Singaporean parents that have to send their children overseas for a degree, the difference to pay can be quite substantial in the case of Australia, UK and USA.

Monday, May 13, 2013

NUS ranked Number 8!

The Quacquarelli Symonds World University Ranking system has ranked NUS as the 8th top best university in the world. NUS, according to this system, is ranked higher than Princeton and Imperial College of London. And since Yale is not in the top 10, Yale must now rank lower than NUS. This is a great honour, said NUS Provost Tan Eng Chye, a recognition of how good NUS is today.

What are the implications? When NUS was ranked much lower and like unknowns, there was a need to boost its credential by cooperating with other higher ranked universities like Yale and Imperial College. NUS is now ranked higher than these two great universities. Would it thus not really necessary to be linked to them, not that it is not good, but in terms of rubbing off some of the glitters? With such a high ranking, there is really no longer any necessity to be have joint campuses with other top universities as only a few are better ranked than NUS, like Cambridge or Harvard.

Looking at it from another angle, all the lesser rank universities will be forming a beeline to be linked to NUS. And this is a great money making opportunity to lend our good repute, the name of NUS, to other lesser known universities, the same formula as Yale NUS. A slight problem is that there may be a need to hire more American and western professors to make it desirable.

Another good repercussion to this high ranking is that employers must also be forming a beeline to hire NUS graduates. True or not? No need to hire foreign graduates from western universities and Third World universities. This high ranking must be added in the testimonials of NUS graduates to prove how good and the type of pedigree they are.

And our students need not have to go overseas to study in lower ranked universities like Yale and Imperial College. NUS is better. Can save a lot of money too. The Govt too can save a lot of money by sending their scholars to NUS now.

This ranking has many good economic implications and savings for the Govt and parents whose children wanted to go overseas. No need to do that anymore. NUS is the place to go, the place to be.