I posted this chart in Mar last year.
Universities fees were raised in concert last year. And they are doing
it again this year, in concert again. Is there anything wrong when
merchants acted together to raise prices, like the price of a cup of
kopi in the kopitiams? My apologies, universities are not merchants.
This time they cited higher costs of talents, supplies and services and
the expectations of students and the fee hikes are to defray these
costs. So our students must be the best in the world by now with the
frequent hikes to improve the quality of university education. Why are
the employers still running to 3rd World countries to employ their
talents and our graduates are found to lack the skills and talents
needed? Or is it that the quality of our universities has always been
sub par and we are still playing catching up with the 3rd World
The fee hikes are in the region of 2.6% to 7.9% for NUS, 2.5% to 5% for
NTU, 2% for SMU and 4% for SUTD. In monetary terms the increases range
from $200, $850 and $1150 in NUS. The increase for PRs and international
students will be higher. As an example, in SUTD, Singaporeans will pay
4% more while PRs 12% and international students by 16%. Polytechnic
fees also go up with this hike.
Singaporeans are so lucky that the universities are upgrading their
teaching quality every year with higher fees to buy better talents to
teach them. At the rate it is going, all the top academic talents in the
world will be bought by our universities and our graduates will be the
best in the whole world that money can buy.
I only hope that this is true. I only hope that the employers stop
rushing to 3rd World countries to employ their graduates and complain
that our graduates are not good enough. I hope to see one or two of our
local graduates be found fit to be the CEO of a local or foreign bank.
What to believe? You tell me lah.