April 2012
From The Director


Coinciding with the end of the Japanese school year, this month's article focuses on the ever increasing cost of college tuition in several countries around the world.  Whether you have children now or plan to in the future, it's important to understand the trends in college cost increases so you will be better prepared when the time comes to send your child(ren) off to university.  You'll find here a general overview of how costs have risen over the past 10-12 years, and what issues factor into such an increase.

As always, we welcome your feedback. If you have any questions or would like additional information, please do not hesitate to contact your financial advisor. Should you not currently have an advisor at Select, please reply to this email and one of our senior consultants will contact you promptly.

Best Regards,

Imants Katlaps
Managing Director

Across the world, the headlines tell the story.  “College May Become Unaffordable for Most in the US”.  “College Tuition is Out of Control”. In the U.K., “Rise in University Applications Slows Amid Fears about Degree Costs”. “Students Face Tuition Fees rising to £9,000”.  In Canada, “Tuition Fees on the Rise . . . Again – Students Pay More as Government Pays Less”.  And even in Japan, “Private Spending on Higher Education Rising”.

Students from North America to Europe to Asia have joined in recent protests as the cost of securing their futures skyrockets worldwide.  The rapidly rising cost of a college education coupled with the slow to increase median family income threatens to put higher education out of reach for the generations to come.


In the U.S., college tuition fees increased over 35% in the last 10 years, while the median family income has dropped 7%.  For the 2011-2012 academic year alone, the net cost of a four-year public university increased by 8.3% from last year.  The annual cost of attending a private college typically exceeds a graduate’s annual salary during their first few years of post-college employment.
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