American Universities – The Gold Standard!
THE DREAM – Grandparents want their grandkids to have the opportunity to go to an outstanding university…at a reasonable cost! For many…their grandkids will be the first to attend university. Families want their children to go to the best universities, have world-class professors as instructors and study cutting-edge curriculums that will position their children to move into 21st Century Careers.
Out of the Top 20 universities in the world, America holds 16 places and Europe 4. In the Top 100, America has 55 universities, Europe 35 and Asia/Pacific region has 10.
According to the Open Doors International Student Data Portal, 974,926 international students studied in U.S. Colleges and Universities in 2014/2015. There were 627,306 students from Asia. This was an increase of 10.3% over the year before.
China leads the way with 304,040 students followed by South Korea (63,710), Taiwan (20,993) and Japan (19,064). Some of the others include Hong Kong (8,012), Malaysia (7,231) and Thailand (7,217).
If you visit http://shanghairanking.com, you can view the rankings of the World Top 500 Universities. Facts about universities are by region and country. Ranking is also by subject areas such as Science, Economics/Business, Engineering, Medicine and Computer Science…just to name a few.
Major Areas of Interest
The majority of the Asian students are attending undergraduate or graduate programs. Some students are in training programs and less than 10% are in other types of offerings. The three major areas of interest:
- Engineering 20%
- Business and Management 20%
- Math and Computer Science 12%
Primary Source of Funding:
- Personal and / or family 64%
- Foreign government or university 8%
The costs of attending the top universities continues to rise. Students want to have the name of an impressive global brand, such as Harvard or M.I.T, on their diplomas. Where the students earn a diploma and their field of study are the key criteria used by national and international corporations as well as governments when selecting from the large number of college educated graduates available from around the world.
Importance of Ranking
Interesting… rankings force educational institutions and governments to question their standards. There is competition among countries to build world-class research universities as strong as the programs in the United States. The university programs in emerging markets are making great strides. Some countries are allowing top foreign universities to set up programs in fields their programs do not offer, examples: engineering, journalism. Some let the private sector provide the higher education options.
Did You Know – the number of students in higher institutions in China out numbers the program participants in India and the United States? Nearly ten million Chinese teenagers participate in the Chinese National College Entrance Exam each year. Most of the students will be admitted by higher education institutions. Note: The program standards may be different at some of these universities.
World economies today are more successful if the population is well-educated and governments know they need to invest. In the past, the labor market could provide life-long jobs for those with only a secondary education…these jobs are disappearing as a result of technology.
Today, there are millions of college graduates entering the job market annually, making the competition for jobs tougher. Upon graduation, students expect an education that will find them a satisfying career or allow them to work on advanced degrees in the future. More than a few graduates face unemployment. Families are increasingly concerned about return on their investment (ROI) in higher education.
What American educational options are available for your grandkids?
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