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Singapore is the 2nd most expensive city in the world for students
Singapore is the 2nd most expensive city in the world for students

Independent Singapore

time6 days ago

  • Business
  • Independent Singapore

Singapore is the 2nd most expensive city in the world for students

SINGAPORE: A recent study from the international remittance service firm Remitly revealed that the Little Red Dot is the second most expensive city across the globe for students. Remitly looked into data from more than 1,700 universities and cities, which showed that seven out of the top 20 most expensive places for students are cities in the United States. The company took the following factors into consideration: average cost of living, rent, student visa fees, and national average tuition fees, assigning each city with an 'Education Expenses Index score' out of 100. The lower the score, the more affordable the city is for those who are yet to enter the workforce. Perhaps it comes as a surprise to no one that New York City is topping the list with a score of 100 on Remitly's index. The Big Apple's average daily cost of living is US$35.22 (S$45), rent costs US$5,102 (S$6,571), a visa costs US$159.13 (S$205), and the average tuition fee is US$30,748.98. Whew. Second-placer Singapore, meanwhile, scored 94.24 on the index with an average daily cost of living of US$24.34 (S$31.34), rent costing US$3,630.65 (S$4,676), and a visa costing US$67 (S$86). When it comes to tuition, however, the average in Singapore is more than two times higher than any other city on the list, and in Sydney's case, more than four times higher. The average tuition fee in Singapore is listed at US$64,460.00 (S$83,013). Fortunately, tuition grants, scholarships, and subsidies are available, not only for Singaporean citizens but also for Permanent Residents and even international students. San Francisco, Boston, and Pasadena round out the top five most expensive cities to study in. Aside from Singapore, only Sydney, in 18th place, and London, in 19th, are in the top 20. Interestingly, in Asia, all the top ten spots on the list of the most affordable cities to study in are cities in China. Zhenjiang tops the list with a score on the index of 14.23, due to low rental prices of US$291.19 (S$375) on average and a cost of living of US$8.62 (S$11). 'Chinese universities are gaining global recognition for providing outstanding education in topics including engineering and computer science and technology, while maintaining dramatically lower costs than their Western counterparts. For instance, Tsinghua University ranks 20th globally in computer science , while Shanghai Jiao Tong University ranks in 49th spot globally,' Remitly notes. /TISG Read also: NUS is the top university in Asia for the ultra-rich

Newington College student loses bid to challenge the elite school's move to coeducation
Newington College student loses bid to challenge the elite school's move to coeducation

News.com.au

time7 days ago

  • General
  • News.com.au

Newington College student loses bid to challenge the elite school's move to coeducation

A student of a prestigious Sydney school has lost his bid to challenge the school's controversial move to coeducation. Newington College in Sydney's inner west announced in 2023 the school would accept both boys and girls over a staged move from 2026 onwards. The school, which boasts yearly tuition fees of up to more than $45,000, will accept girls to kindergarten and year 5 from next year, while the senior campus will accept girls in year 7 and year 11 from 2028. The decision immediately sparked controversy among the school's community, prompting a current student to take the matter to Sydney's Supreme Court. The student, who can only be known as Student A, filed a lawsuit in December 2024. The case hinged on the terminology in the school's 1873 Deed of Indenture, with the statement of claim arguing the words 'an efficient course of education for youth' is 'limited to the advancement of education of boys and young men'. Justice Guy Parker handed down his final judgment on Tuesday afternoon, finding that the terminology was used 'in a gender neutral sense'. '(I have) concluded that the word youth … was used in a gender neutral sense and does not mandate male-only enrolment at the College,' Justice Parker told the court. The statement of claim also argued the use of the College's property 'for coeducation would be a breach of (Newington's) trust', which Judge Parker ordered be dismissed. Student A was ordered to pay the legal costs. Tuition for the elite school spans up to $45,369 for those in years 11 and 12, with the fees for those in years 5 and 6 reaching $35,487. The decision to move to a co-ed model was reached after consulting with members of the school community, the judgment states. However, it 'remained controversial among some parents and alumni'. 'In particular, it was claimed that assurances had been given in the course of fundraising that the college would remain a single-sex school,' the judgment states. 'Those particular allegations are not relevant for the purpose of these proceedings. The litigation before the court is concerned only with the council's power to introduce coeducation, and not with the merits of that decision.' Newington's headmaster said the school 'remain excited to build on our rich history and traditions by taking Newington into our next era' in a statement released on Tuesday afternoon. 'We are optimistic that today's determination will now pave the way for our community to move forward together,' the statement read. 'We thank our staff, students, and families for their ongoing support and faith in our direction and leadership. 'We look forward now to uniting around our future vision for Newington College as a respected, modern and dynamic school for boys, girls, young men and young women from next year and into the future.'

Despite Recent Increases, British Private Schools Are Still More Affordable Than American Ones
Despite Recent Increases, British Private Schools Are Still More Affordable Than American Ones

Yahoo

time24-05-2025

  • Business
  • Yahoo

Despite Recent Increases, British Private Schools Are Still More Affordable Than American Ones

If you want your children to enjoy a top-notch private school education, sending them to the U.K. could be prudent. While top American and British private education is costly for anyone, according to U.K.-based Abbey DLD Group of Colleges, independent schools in Great Britain are slightly more affordable. U.S. private schools range from $20,000 to $45,000 annually, while the U.K. equivalent ranges from £15,000 to £30,000 ($19,500 to $39,000). Don't Miss: Hasbro, MGM, and Skechers trust this AI marketing firm — 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. It's not a perfect science as schools in more expensive areas in the Northeast and California are generally more expensive than elsewhere in the U.S, and those in and around London are pricier than other places in the UK. Elite British private schools like Eton or Harrow charge around £50,000 per year, the BBC says, although the average is around £15,000. The reputation of a school can also be a big factor. The exchange rate between the pound and the dollar also plays a role. Recently, amid the economic tariff uncertainty and inflation, the dollar has dropped, meaning that earnings in pounds may give you more dollars than it once did. That is always liable to change, though. Private school fees in the U.K. have soared by 22.6% in the last year, according to The Independent, bringing the average annual cost to over $22,000. The increase comes on the back of the government's value added tax on private school fees of 20%, introduced on Jan. 1. However, U.S. private school tuition has also gone up, seeing the biggest increase of a decade, according to Bloomberg, with inflation partly to blame. Yearly fees at U.S. day schools are now $49,284, a 7.4 percent increase from last year. Trending: Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — The BBC estimates that the additional tax levied on British private schools will generate £460 million in the 2024 to 2025 financial year, rising to £1. 7 billion by 2029 to 2030. Chancellor of the Exchequer Rachel Reeves said 'every single penny' will go to state schools, the BBC reports. This includes funding the recruitment of 6,500 new teachers in England. A legal case has been brought by parents of private school children, the outcome of which has not been decided. The Private Education Policy Forum says that about 5% of British private school students are from overseas, with parents living in the U.K. The increase in school tuition, coupled with the increased cost of living in the U.K. has put a private school education increasingly out of reach for many British parents who no longer choose a private school based on name reputation or have decided not to board their children. 'In the past, you wouldn't choose a school just because it was cheaper; you would go for what you felt was right for your family,' Harry Cobb, a director at the education consultants Bonas MacFarlane, told the Times of London. 'But we have had calls from people looking outside of boarding now because they feel there is more value for money in day schools, despite having to pay for childcare or other costs.'Also, although the top British private schools have traditionally provided the nation's most successful executives and politicians, exam results show that in core subjects, once socio-economic factors are accounted for, state school pupils have closed the gaps on their expensively educated fellow students What might also appeal to American parents who are concerned about the more regimented curriculum that has pervaded the U.S. education system recently is that U.K. private schools, according to the Times, embrace the arts. Statistics show that top-selling musicians are six times more likely to have attended British private schools, while BAFTA-nominated actors have five times the probability of having done so. Read Next: Maximize saving for your retirement and cut down on taxes: . Deloitte's fastest-growing software company partners with Amazon, Walmart & Target – Image: Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article Despite Recent Increases, British Private Schools Are Still More Affordable Than American Ones originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio

Fewer international students adding to university budget challenges
Fewer international students adding to university budget challenges

CTV News

time24-05-2025

  • Business
  • CTV News

Fewer international students adding to university budget challenges

The Roddick Gates are monumental gates that serve as the main entrance to the McGill University campus are seen on November 14, 2017 in Montreal. THE CANADIAN PRESS/Ryan Remiorz OTTAWA — Canadian universities are being forced to tighten their financial belts as they struggle with plummeting enrolment from international students who pay higher tuitions. Universities Canada says 'inadequate' provincial operating grants are also a factor in ongoing budget challenges for post-secondary institutions. President Gabriel Miller says tuition and fees from international student enrolment had provided a funding stopgap, but that is now being challenged due changing rules for international students, including a reduction in permits. 'We've been dealt a bad hand on international students, but the real problem is that governments have been gambling with the future of higher (education) for more than a decade,' Miller said. 'What we're now seeing is an opportunity gap that will start to grow where future students who want to go to study in universities are not going to have access to as many spaces. They're going to be forced to be in bigger classes, because the deal between government and families that build our universities isn't being held up.' Miller said it's 'striking' how uniform budgetary issues are across the country. McGill University is projecting a $45 million deficit for the next fiscal year, due in part to declining international student enrolment. The University of Waterloo is looking to cut spending by $42 million this year as it faces a $75 million deficit. The University of Regina is raising tuition by four per cent with 'flat' domestic enrolment and a 'significant' drop in international student enrolment contributing to budget challenges. 'We are seeing a severe loss of talent, which is greater than anything most people anticipated. And so that obviously means loss of revenue and loss of opportunity for Canadian students because those international students have been helping to pay the bills in our universities,' Miller said. Mary Feltham, chair of the Canadian Federation of Students, said that they're receiving reports of program cuts and reduced on-campus services. She said the reduction of international student enrolment is creating a domino effect that extends off campus. 'Now we're seeing a decline in services offered for everyone, a decline in jobs, a decline in different types of programs, which is impacting the ability for people to get an education and then contribute back to their province and country,' Feltham said. The government's target for study permits this year is 437,000 nationwide, a 10 per cent reduction over 2024. Ottawa first introduced it's cap on study permits in 2024, which it says contributed to a roughly 40 per cent reduction in international students and 'eased' the rental housing market in areas with high student populations. Tuition for these students varies by school, but international fees are typically four to five times what domestic students pay. An emailed statement from a spokeswoman for Immigration Minister Lena Metlege Diab said that Canada values the 'significant' benefits international students bring to the country but the program faced sustainability challenges. The statement adds that the new minister looks forward to meeting with stakeholders to address concerns and ensure Canada continues to attract top talent. Miller said Universities Canada has requested a meeting with the minister. He said the cap itself isn't as big an issue as requesting stability in the rules for international students so Canada can be seen as attractive. Feltham said that the CFS is working on lobby efforts to all levels of government to improve post-secondary funding and they'd been warning about these coming issues 'for years.' 'It's just really frustrating to see because international students have often been used as a scapegoat for these problems or been used as cash cows,' Feltham said. 'So universities and colleges have really relied on them to be a source of income, which is also not appropriate, and this is why we've been asking for governments to properly fund these institutions.' This report by The Canadian Press was first published May 24, 2025 David Baxter, The Canadian Press

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