6 ms·

I recently met an American here in Europe that mostly grew up here the last few years who wanted to go to NA (more specifically Toronto) for university when she

I recently met an American here in Europe that mostly grew up here the last few years who wanted to go to NA (more specifically Toronto) for university when she could basically enrol here in a good university for a fraction of the cost. I pay less than a gran every year for my software engineering master's degree and can't fathom someone going to a different country knowing you're gonna be in debt for a large portion of your life. I'd rather study here and move to Canada after than study there and get a huge ass debt piled up. I really don't get how these universities manage their cashflow. With such an exorbitant amount of cash you can basically put people on Mars for all I know.

charlesdm 9y ago
Ivy League schools have massive endowments, which are essentially huge investment funds. They employ people to invest their money.
wbkang 9y ago
Canadians university has far lower tuition than the US equivalent. It's also easier to immigrate when you have a Canadian degree so the story might be a bit different for Canada.
- refurb 9y ago
  Tuition is far lower if you're a Canadian citizen or resident. If you're foreign, it costs $25,000+ per year which isn't that different from public US universities.
  - wbkang 9y ago
    I went to UWaterloo CS co-op as an international student and it was less than CA$25000/year all-inclusive and before the money I made from co-op. I am pretty sure comparable education in US costs far more than that.
bmmayer1 9y ago
The trick is that most people don't pay full tuition[1]. It's like hospital prices: most people don't pay the sticker price and those who do are subsidizing those who don't. [1]http://time.com/money/4777909/private-college-scholarships-2017/ http://time.com/money/4777909/private-college-scholarships-2...
- greedo 9y ago
  Or they're taking out student loans that they'll have no realistic ability to repay.

charlesdm 9y ago

Ivy League schools have massive endowments, which are essentially huge investment funds. They employ people to invest their money.

wbkang 9y ago

Canadians university has far lower tuition than the US equivalent. It's also easier to immigrate when you have a Canadian degree so the story might be a bit different for Canada.

refurb 9y ago
Tuition is far lower if you're a Canadian citizen or resident. If you're foreign, it costs $25,000+ per year which isn't that different from public US universities.
- wbkang 9y ago
  I went to UWaterloo CS co-op as an international student and it was less than CA$25000/year all-inclusive and before the money I made from co-op. I am pretty sure comparable education in US costs far more than that.

bmmayer1 9y ago

The trick is that most people don't pay full tuition[1]. It's like hospital prices: most people don't pay the sticker price and those who do are subsidizing those who don't. [1]http://time.com/money/4777909/private-college-scholarships-2017/ http://time.com/money/4777909/private-college-scholarships-2...

greedo 9y ago
Or they're taking out student loans that they'll have no realistic ability to repay.