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S.Korea Ranks 3rd in College Tuitions among OECD Countries

Written: 2011-06-20 17:05:07Updated: 2011-06-20 18:12:54

S.Korea Ranks 3rd in College Tuitions among OECD Countries

A report shows that the nation’s university tuitions are the third most expensive among the members of the Organization for Economic Cooperation and Development (OECD).

According to the OECD report, South Korea’s state scholarships accounted for four-point-four percent of the nation’s total public education costs, far lower than the OECD average of eleven-point-four percent.

Student loans accounted for five-point-seven percent of the total expenses, which is also far lower than the OECD average of eight-point-eight percent.

The report said that the share of the public sector in college education costs dropped to under the OECD average of 69 percent, putting most of the tuition burden on parents.

The study will be formally released on Tuesday by OECD Secretary-General Jose Angel Gurria Trevino.

In another OECD study released last year, the nation’s university tuitions were second most expensive after the United States.

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