Satoria Ray Professor Raymond UWRT 1103 28 July 2015, fo Ze fe ‘Education Expenses Borne by Parents and Students First Degree, Academic Year 2009 (National currency RMB Yuan (¥) converted to SUS ‘by 2009 Purchasing Power Parity SI = ¥3.45) Public a Low Moderate High = Low High Public Public Public ‘Private Private ¥10,000 ie 42,500 ¥5,000 ¥10,000 _¥5,000 5 {8724} [$1,449] [82,899] [81,449] [82,899] Books & Other yey 2 i] I \ . ¥250, ¥500 ¥1,000 ¥500 ¥1,500 i= Bea Ges) Bae] ie) ess) 2 c ¥800,¥1,200_¥00 {522} (S348), [st4s))_ (8348) ‘¥6,000 ¥6,000 3,500 ¥6,000 {81,739} [$1,739] [$1,014] [$1,739], ¥600 ¥1,000 ¥300 ——¥1,000 (si74)__(S290) {s87] [S290] ¥1,500 ¥2,000¥1,000—¥2,000 [8435] {s580}) [$290] [S580] oe mabe r "¥14400¥21,200¥10,800¥21,700 184174) 186,145) [53,130] [86290] her Education Expenses in China SOUL: DONG AMA WON Dong, H. & Wan, X. “Higher education tuition and fees in Chi Implications and Impacts on affordability and educational equity.” Current Issues in Education, 15 (1). Web. 25 July 2015. In the table shown to the left, higher education expenses borne by parents and students during their first degree are shown. The information is about higher education cost in China, As you can see, no total cost rises above $7,000. It’s important to remember that this is the total cost for a degree. In America, these totals would be equivalent to one semester of schooling. The difference is astounding. Why is a degree ‘more expensive in America than in foreign countries, especially China?Figure 2: Student Loan Cartoon SOW, Anderson, 2015. ‘od, "The High Cost of Higher Education." The Christian Post. N.p.. n.d. Web. 27 July In the cartoon above, a student is walking up the stairs to cross the graduation stage. However, he is being weighed down by student loans. This cartoon highlights that college students are graduating deeply in debt due to high cost for higher education, The average amount of debt for a student once college is over is $26,000. This amount increases as time goes by and interest accumulates. Many students are still paying off their debts years after they've graduated.he Higher Cost Of -AIGHER EDUCATION ‘An HSBC report compared the average cost of one year in a higher education program at universities in 13 different countries and territories for international students. Here’s how they compared: $26,011 $9,441 me $28. al tee a sonaes | Sy, aici ) 5 Pa on © Siar me lpoledl “Annwal “Annual Fees: $13,182, cnet aint N22 corner Was $38,516 sonst Costa ving $13.40 Below $10,000 $10,001 - $30,000 ‘More than $30,000 By Lisa Manapata ‘Source: HSBC report by Nel Braz, tiled "USA among Works Top Three Most Expensive Destnaion fo nlematonal SHxsent Figure 3: The Cost of Higher Education OWN 'S Higher Education: An os Destination for International Students - Institute for C Global Student Success.")Institute for Global Student Success. N.p., n.d. Web. 27 July 2015. The map above shows the average cost of one year of higher education in thirteen different countries. Australia and the United States are the two highest countries, closely followed by the United Kingdom. Germany, Spain, and Taiwan have the lowest costs of all thirteen countries. The degrees are the same; the courses are the same, but the cost differs. It's important to note that the cost of living is associated in the total.