26 Best Universities in the World With No Tuition Fee

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This article will cover the 26 best universities in the world with no tuition fee. This article will cover recent trends in the higher education market and navigate through the major players in the industry. If you want to skip our analysis, go directly to the 5 Best Universities in the World With No Tuition Fee.

The Higher Education Market

According to a report by IMARC, the global higher education market is currently valued at $20.1 billion as of 2022. The global higher education market is expected to grow to $61.1 billion by 2028 at a compound annual growth rate (CAGR) of 20.2%.

Experts suggest that artificial intelligence and IoT (Internet of Things) have had a positive impact on higher education. According to a report by Future Business Insights, the global Internet of Things market had a valuation of $544.38 billion in 2022. The market is expected to grow to a valuation of $3.35 trillion by 2030 at a CAGR of 26.1%. The growth of the IoT and AI industries has contributed to education being more accessible and aligned with global standards. Generative AI tools have made understanding subject matter easier. Now students can learn new things within no time and up-skill themselves sitting at home.

Why Are Students Out of College?

Millions of students do not study beyond secondary education. The primary reason for such is that education keeps becoming more and more expensive for the average family to afford. According to a report by McKinsey, undergraduate enrollment is predicted to drop from 2025 onwards. The projections are based on the years 2012 to 2029. According to the report, two-year and four-year programs may face a decline of 13% and 9% respectively by 2029.

A survey by IDP indicates that the rising cost of living globally is negatively impacting the mobility of international students. The survey consisted of 21,000 students and amongst them, 51% had been re-considering moving to another country primarily due to financial reasons. While 31% of the respondents vouched for part-time work as their primary income generator. Additionally, the ability to work part-time heavily depends on the host country’s regulations with regard to international students. Some of the best countries for international students to study and work include Germany, Canada, Denmark, and Sweden.

Declining enrollment rates are a cause of concern for people across the globe. To increase foreign and domestic enrollment rates, a few countries have begun to offer generous scholarships and financial aid to students. For instance, state universities in Italy offer generous regional scholarships for international students. These scholarships are primarily based on the financial condition of the student and the country they belong to. These scholarships cover tuition fee, food, and housing. They also provide a yearly stipend to international students. Some of the top scholarships include ERGO, DSU, and EDISU scholarships.