State sees low re­turn on ed­u­ca­tion in­vest­ment

Kathimerini English - - Front Page -

Ev­ery grad­u­ate de­gree from a pub­lic univer­sity costs the Greek state be­tween 5,00095,000 eu­ros, Kathimerini un­der­stands, with the Athens Med­i­cal School top­ping the price scale.

Greek univer­si­ties re­ceive 97.9 per­cent of their fund­ing from the state – the high­est rate among the 35 mem­ber states of the Or­ga­ni­za­tion for Eco­nomic Co­op­er­a­tion and Devel­op­ment (OECD) – rais­ing con­cerns that it is get­ting a low re­turn on its in­vest­ment as an in­creas­ing num­ber of grad­u­ates with spe­cial­ized de­grees look for work abroad.

“In many spe­cific aca­demic ar­eas 90 per­cent of the in­vest­ment is lost,” ac­cord­ing to Theodoros Hadzi­pan­telis, a pro­fes­sor of ap­plied statis­tics at the Aris­to­tle Univer­sity.

For ex­am­ple, data show that 1,554 Greek med­i­cal school grad­u­ates worked in Ger­many in 2007, a fig­ure that shot up to 6,000 in 2012.

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