HHD
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There are no uniform laws across EU countries, and the UK is an entirely different beast. I have a friend going to Cambridge at the moment, so maybe I can ask him how it works over there.
In France tuition is heavily subsidized by the government, as are student housing and meals. The only you things for which you tend to pay full price are textbooks. Otherwise, tuition will run you about 500€ per year, you can get an HLM apartment for around 200€/mo after the CAF, and meals are around 2-3€ each in student cafeterias. Not too shabby. On the other hand, scholarships awarded for merit are very rare and difficult to obtain, but those awarded for financial need are practically given away.
The side effect of making education so easily obtainable is that degrees became somewhat devalued. When everyone you know has at least a bac+3 (bachelor's degree) and plenty have bac+5 (master's degree), it's hard to assign as much value to these accomplishments. There is thus a huge amount of competition among students to get into the best schools in Paris, especially Paris VI (Jussieu) and IV (Sorbonne), to distinguish themselves. There is also an immense drive to get ever-more advanced degrees. Contrast this with a country like Canada, which has the lowest post-graduate enrolment rate of any OECD country.
To compensate, the French have created the system of 'les grandes Ã
I find the whole thing interesting relative to the North American system, where tuition is ridiculously high but (increasingly insufficient) scholarships are given to A students with relative frequency. Since grades now are inflated to the point where anything below an A- is seen as an indelible blemish on a permanent record, however, I'm not sure how long that can last.
I remember reading an unflattering overview of the French university system in the Economist a couple of years ago. Open to everyone, but high drop-out rates between first and second year, overcrowded lecture halls, a surfeit of psychology graduates, rather too many people in their late twenties and early thirties "continuing" their education to no obvious end or purpose; teachers who still think it's 1968 etc.
Of course, it's possible to highlight similar faults in higher education elsewhere (why does Britain produce so many media studies graduates?). Also, the Economist's solutions are drearily predictable and about as likely to happen as France is likely to rename the Champs-Elysees Avenue Margaret Thatcher. Yet it seemed that Sarkozy was determined to shake up French higher education. I wonder what became of that?
France is not more obviously stupid than the UK or US, so they must be doing something right, somewhere.
PS Enarques can be insufferably pompous but they are exceptionally clever.