I fully agree with you on the cost benefit analysis of Universities. In Croatia, the equation is a little better with a government subsidized education being free or costing at most one months average salary for the whole year. The problem is more in the content that is being taught. There is not enough collaboration with private sector and students are burdened with general STEM courses well in to their third year.
I put a lot of faith in e-learning as it gives the student more market power anf choice in selecting his education.
I am glad to hear about your son. Best wishes!
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