Most expensive countries for international students

The following is what HSBC concluded international students will pay to attend university in various countries.

Country Annual fees (USD) Annual cost of living (USD) Annual total (USD)
Australia 25,375 13,140 38,516
United States 25,226 10,479 35,705
United Kingdom 19,291 11,034 30,325
United Arab Emirates 21,371 6,004 27,375
Canada 18,474 7,537 26,011
Canada 18,474 7,537 26,011
Singapore 14,885 9,363 24,248
Hong Kong 13,182 9,261 22,443
Japan 6,522 12,642 19,164
Russia 3,131 6,310 9,441
China 3,983 4,783 8,766
Taiwan 3,270 4,987 8,257
Spain 1,002 6,004 7,006
Germany 635 5,650 6,285

 

Australia, surpsingly comes in at the highest, which is incredibly deceptive. Firstly, an Australian (and UK) degree, will typically take you three years while Canadian and US degress take four years. Secondly, HSBC uses tuition soures based on what Forbes list, but it is unclear if they are using the “ten largest” or the Ivy League or what? Since the ten largest US institutions are not considered the elite of the US. Furthermore, many students receive discounts in the form of financial aid at the top US colleges, but those are tied to a family’s ability to pay.  Since the typical ivy league education (Princeton) is $56,750, this puts a US education well ahead of Australia. Moreover, if we extraoplate over 4 years, this hits a whopping $227,000 whereas Australia comes in 115,548, or almost half. UK comes in at about 91K. Canada rounds out just over $104 K. 

Why Canada get’s two entries just adds to the sloppy presentation. 

And why would they leave out some stellar international destinations like the Netherlands, Switzerland or New Zealand?