YEREVAN, August 5, /ARKA/. In Armenia the tuition fees range from USD840-1,680 per annum, according to Foundations for the Future, the latest report in The Value of Education series from HSBC. This is relatively low compared to the global average which is USD9,100 for the 15 countries surveyed by HSBC. In terms of university fees, Armenia compares with India ($581), Mexico ($750) and Turkey ($1,276).

The majority (60%) of parents around the world would be willing to go into debt to fund their child’s university or college education, according to Foundations for the future, the latest report in The Value of Education series from HSBC.

Based on a survey of over 6,200 parents in 15 countries, the report reveals that the main responsibility for funding children’s university education lies with parents: 84% contribute towards the cost. Nearly 31% of parents with a child yet to go to university expect that their child will shoulder some of the cost of their own university education. However, only 13% of students now at university contribute towards their funding.

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Tags: Armenia, EDUCATION, HSBC, tuition fee

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