22 May '16, 11pm

Getting a degree in Singapore set to become costlier: Study - The Straits Times

The cost of a university degree in Singapore is set to rise, according to a new study by the Economist Intelligence Unit (EIU). Released yesterday, the study projected that a four-year degree will cost 70.2 per cent of an individual's average yearly income in 2030, up from 53.1 per cent last year. Since 2010, tuition fees at local universities have gone up every year for most undergraduate courses, mainly due to rising operating costs. For instance, a local undergraduate entering the National University of Singapore's (NUS) faculty of arts and social sciences this academic year would pay $8,050 annually, up from $7,950 last year. Another projection showed that Singapore's education spending will dip from 3.4 per cent of gross domestic product (GDP) last year to 2.7 per cent in 2030, largely due to falling birth cohort sizes and a growing population aged over 60 years. The ...

Full article: http://www.straitstimes.com/singapore/education/getting-a...

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