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concludes that 150 Nigerian public and private universities seem inadequate to satisfying the educational needs of
her growing youth population.
According to a US-based online prospectus
2
, diverse factors affect the cost of a Bachelor’s degree in the USA.
They include the nature of the institution; whether it is a public or private university, the type of degree; whether
it is a traditional or online degree, the duration of the course and other living expenses. Consequently, the
prospectus put the cost for studying in the USA as at 2012-2013 at $22,261 and $43,289 for a 4-year course in a
public and private institution respectively.
The National Centre for Education Statistics of the USA
3
corroborates the previous online prospectus in terms of
a major factor that determines the average cost of a university degree. It states that in the 2010/2011 academic
year, the estimated cost for a public not-for-profit tertiary institution was $13,600, while that of a private not-for-
profit educational institution stood at about $36,000.
Meanwhile, the Campus Explorer
4
, another web-based prospectus puts the national average of public 4-year
colleges in the USA at $25,588 per session, private 4-year not-for-profit colleges $85,296, and private 4-year for-
profit colleges $62,644. Worthy of note is the additional categorization – private 4-year for-profit colleges in the
USA, which had yet to be specified in previous references. The Campus Explorer not only added a new category
but it went a step further in listing some schools as well as the respective fees payable in each category.
Whereas, some subscribers of Nairaland Forum
5
, a Nigeria-based online blog, claim the cost of pursuing a
Masters’ degree in Nigerian universities ranges from 150,000 – 1,500,000 naira ($415 – $4,000 approx.),
depending on the course/discipline of study.
However, it is worthy of note that many of the Nigerian students who study abroad are not from rich families, but
are able to pursue their dreams due to the conducive environment for learning and self-sponsorship, which enables
them pay the exorbitant fees while working part-time. This is usually not the case for in Nigeria where many
students are usually dependent on their families and well-wishers to finance their studies. In addition, the poor
state of the educational system of the country characterised by incessant strikes, inadequate teaching and research
materials among others compelled many of these Nigerians to pursue their academic ambitions outside the
country.
The Obafemi Awolowo University, Nigeria for example, is a federal government owned university, where
students are not expected to pay tuition fees but are expected to pay some amount of money for registration
purposes. This explains the usual struggle to gain admission into federal government owned universities by most
Nigerians, whose take home pay is usually inadequate to pay the exorbitant fees demanded by private universities.
In spite of the no fees policy of the federal government in its institutions of higher learning, students often spend
more than the officially stipulated administrative fees demanded by their various institutions. Although the
government and some other non-governmental organisations give scholarships to some students, these
scholarships are usually too few for the high number of qualified students in need of financial assistance.
The situation is more difficult for students in the humanities as it is usually assumed that only courses like
medicine, law and engineering are financially demanding for students and that art based courses require less
financial commitment. This may be the reason for students in these science-based disciplines getting easier access
to the few scholarships and grants available. However, this belief is greatly erroneous as experience has shown
that many art based courses can equally be financially tasking as the science based courses.
Another challenge is that many art based students are often unaware of the actual financial obligations necessary
for the successful completion of their studies because of the assumption that these courses are usually cheaper
than science based courses. These students usually end up frustrated after getting admission into the university.
They discover that they need to pay much more than what is officially stated on the university prospectus or
website.
Such a situation does not allow intending students to be prepared for the financial requirements of these courses.
This situation often leads to many of them not being able to either complete their desired courses at the expected
time or not even completing their studies at all.
2
www.thebestschools.org
3
https://www.greatvaluecolleges.net/faq/what-is-the-average-cost-of-getting-a-college-degree/.
4
https://www.campusexplorer.com/college-advice-tips/E66537B4/Costs-Of-A-Bachelor-s-Degree-Program/
5
http://www.nairaland.com/3683292/how-much-does-it-cost