University, Cost

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Summary

A university (Latin: "universitas", "a whole") is an institution of higher education and research which grants academic degrees in a variety of subjects and provides both undergraduate education and postgraduate education. The word "university" is derived from the Latin universitas magistrorum et scholarium, which roughly means "community of teachers and scholars."

Details

Many students look to get 'student grants' to cover the cost of university. In 2012, the average outstanding student loan balance per borrower in the United States was US$23,300. In many US states, costs are anticipated to rise for students as a result of decreased state funding given to public universities.

There are some big exceptions on tuition fees. In many European countries, it is possible to study without tuition fees. Public universities in Nordic countries were entirely without tuition fees until the latter part of the first decade of the 21st century. Denmark, Sweden and Finland then moved to put in place tuition fees for foreign students. But still, citizens of EU and EEA member states and citizens from Switzerland are exempted from tuition fees, and the amount of public grants granted to promising foreign students was increased to offset some of the impact.

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