Going to college used to be a given for most young people in the United States. However, in recent years, the cost of attendance at even the most affordable colleges has become prohibitively expensive for many students.
This is because tuition rates have been rising much faster than inflation and wages over the past few decades.
As a result, college attendance has been declining in the US, while it has remained steady or even increased in other parts of the world.
This is because college is still affordable in most other countries. In fact, some of the most expensive colleges in the world are located in the United States.
Every single one of the schools on this list currently costs more than $80,000! Of course, these schools justify the high prices with the fact that they are all some of the most prestigious universities in the world.
So if you’re considering attending one of these colleges, be prepared to take out a lot of loans or have very deep pockets. Here are the 10 most expensive colleges in the world.
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Most Expensive Colleges in the World
1. Harvey Mudd College, USA – Cost $67,255
The private college Harvey Mudd was established in 1955. It is located in Claremont, California, and is the most expensive university in the world.
Forbes has recognized it as the 18th best school in the nation and it produces the second-highest number of STEM PhDs in the nation.
Its undergraduate engineering program was also ranked the finest in the nation by U.S. News, tying with Princeton University.
So, what makes Harvey Mudd so expensive? A lot of it has to do with its prestige and rankings.
Being recognized as one of the best schools in the nation (and the world) comes with a high price tag.
Additionally, its STEM programs are highly sought-after, which drives up the cost even further.
If you’re looking for top-notch education and are willing to pay a premium price, Harvey Mudd is definitely worth considering. Just be prepared to take out some student loans!
2. Columbia University, USA – Cost $66,383
Columbia University is a prestigious Ivy League research university located in New York City.
Established in 1754, it is the fifth-oldest institution of higher education in the United States and the oldest college in the state of New York.
With an annual tuition cost of $66,383, Columbia is also one of the most expensive universities in the world.
Despite its high cost of attendance, Columbia University is consistently ranked as one of the top universities in the world.
It is especially well-regarded for its programs in the arts and sciences and has produced numerous Nobel and Pulitzer Prize winners.
If you’re looking for a top-tier education at a high price tag, Columbia University is certainly worth the tag.
3. New York University, USA – Cost $65,860
The prestigious university in New York, NYU, is another college that is very pricey. One of the first universities to admit students based on their intellectual aptitude rather than their social connections was New York University, which was founded in 1830.
It is one of the most internationally diverse universities, with campuses spread across the US, Europe, Asia, and the Middle East. This university is not only among the best in the world, but it is also among the priciest.
The average cost of tuition and fees for one year at NYU is $65,860. For international students, the cost is even higher, with an estimated total of $71,890 per year.
Room and board expenses are not included in these figures. Financial aid is available for students who demonstrate need, but it does not make NYU any less expensive.
4. Massachusetts Institute of Technology (MIT), USA – Cost $65,500
MIT is a private land-grant research institution located in Cambridge, Massachusetts. It was founded in 1861 and has since contributed significantly to the advancement of science and technology.
The university has produced 98 Nobel Prize winners, 26 Turing Prize winners, and 58 National Medal of Science winners.
Additionally, it has been home to 29 National Medal of Technology and Innovation winners and 50 MacArthur Fellows. Despite its high cost of attendance, MIT remains one of the most popular colleges in the world.
It is ranked first in the QS World University Rankings and seventh in the Times Higher Education World University Rankings. The school’s 8,180-acre campus is also one of the largest in the US.
5. University of Oxford, UK – Cost $62,000
The University of Oxford is the oldest university in the English-speaking world. It is believed that teaching there first started as early as the 11th century.
Situated in and around Oxford’s historic city center, dubbed “the dreaming city of spires” by 19th-century poet Matthew Arnold, it comprises 44 colleges and halls as well as the largest library system in the UK.
Additionally, Oxford has 22,000 students in total, of whom 40% are international and almost half are undergraduates.
Despite its long and illustrious history, the University of Oxford is not without its share of controversies.
In recent years, it has been criticized for its high tuition fees – which currently stand at £9,250 (about $62,000) per year for UK and EU students – as well as for its lack of diversity.
Nevertheless, it remains one of the most prestigious and sought-after universities in the world.
If you’re looking for an Ivy League education without having to leave the UK, the University of Oxford is definitely worth considering – but be prepared to open your wallet wide.
6. ETH Zurich – Swiss Federal Institute of Technology, Switzerland – Cost $60,000
It comes as no surprise that ETH Zurich, Switzerland’s top college for science and technology, also has one of the world’s highest tuition rates.
At $60,000 per year, students at this highly esteemed institution can expect to pay a premium for its rigorous academic programs and groundbreaking research.
In addition to its lofty price tag, ETH Zurich is also known for its impressive list of alumni, which includes 21 Nobel laureates, two Fields Medalists, three Pritzker Prize winners, and one Turing Award winner.
With 16 different departments that cover a wide range of disciplines, from engineering and architecture to chemistry and physics, there’s no shortage of academic options at this world-renowned school.
So, if you’re looking for top-notch education and don’t mind paying a pretty penny for it, ETH Zurich just might be the place for you.
7. University of Chicago, USA – Cost $57,000
The University of Chicago is located in Hyde Park, a neighborhood on the south side of Chicago. The university has been around for over 125 years and has an enrollment of over 15,000 students.
The University of Chicago is known for its rigorous academics and for being one of the most expensive universities in the world.
Tuition and fees for the 2020-2021 academic year are $57,000. Additionally, first-year students are required to live on campus, which adds to the overall cost of attendance.
What makes the University of Chicago so expensive? The school is consistently ranked as one of the most expensive colleges in the world.
This is due in part to the large price tag for tuition and room and board, as well as the cost of living in Chicago.
In addition, many students at the University of Chicago receive financial aid, which drives up the cost of attendance.
8. Vassar College, USA – Cost $56,960
The Vassar College is a prestigious private liberal arts college in Poughkeepsie, New York. It was established in 1861 by Matthew Vassar, making it the second college in the country to offer degrees to female students.
The college is one of the illustrious Seven Sisters, a group of American universities that were the first to offer premier women’s education.
Additionally, there is a historical link to Yale University that suggests a merger before the two universities adopted coeducation. The college has more than 2,400 students enrolled in its undergraduate programs.
The cost of attendance at Vassar College is $56,960 per year. This includes tuition, room, and board, and other fees.
The college has a need-blind admissions policy, meaning that financial need is not a factor in the admissions decision.
However, only about 35% of students receive any financial aid from the college. For those who do receive aid, the average grant is $43,290.
9. Trinity College, USA – Cost $56,910
Trinity College is a private liberal arts college located in Hartford, Connecticut. It was founded in 1823, making it one of the oldest educational institutions in the state.
Trinity students receive a well-rounded education, with a focus on independent thought and creativity.
The college offers around 40 majors, as well as minors in unique areas like engineering with a minor in art or politics with a minor in biology.
With a price tag of $56,910 per year, Trinity College is one of the most expensive colleges in the world. However, its students benefit from small class sizes, personal attention from faculty, and a strong alumni network.
Additionally, Trinity graduates go on to successful careers in a variety of fields, making the cost of attendance worth it for many.
10. Landmark College, USA – Cost $56,800
Landmark College is a private college located in Putney, Vermont, that specializes in education for students with autism, attention deficit problems, or learning difficulties.
The college is accredited by the New England Association of Schools and Colleges and offers associate’s and bachelor’s degree programs in the liberal arts and sciences.
Founded in 1985, Landmark College was the first institution of higher learning to pioneer college-level academics for dyslexic students.
The college’s unique approach to education has made it a model for other colleges and universities serving students with learning disabilities.