Cover image via lwcheahWorking Malaysian parents spend 55% of their salaries to fund one child for a university degree, making the country the 5th most expensive in the world when it comes to getting a university education in relation to household income, a survey revealed
Image via athensvoice
The survey, done by the London-based Expert Market, of 40 countries is based on tuition fees listed on the Quacquerelli Symmonds Top Universities for the academic year 2014 – 2015 and the 2013 Gallup Median Self-Reported Income.
Ironically, Malaysia registered the lowest tuition fee cost among the top 10 "most expensive places to send your kids to university"
Meanwhile, in the recently tabled Budget 2016, Putrajaya has slashed fund allocations to public universities by RM2.4 billion, raising concerns that university tuition fees would be increased
Other countries where varsity degree costs higher than Malaysia
Romania, where parents spend 86% of their salaries, Romania (86%), Estonia (76%) and Chile (73%).
However, the most expensive country for a university education is Hungary, which has one of the lowest household income. Parents there have to fork out a whopping 92% of their salaries just to fund a child's degree.
