Education costs a lot

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Education costs a lot

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According to the results of a survey released yesterday, education costs Greek households 4.3 billion euros a year, and this figure may well be higher if the cost of private tuition classes is included as well.
Research carried out in the year 2005 showed that many families have to take out loans to put their children through school and to help them pass university entrance exams. This is because parents believe that their children should receive more education than that which they are receiving in school. So, they send their children for afternoon or evening classes in private institutes or have a tutor at home.
The largest amount of the money spent on education (1.44 billion euros) goes to pay for students preparing for university exams. Just over 1 billion is spent on housing and food costs for students attending universities away from home. Another 342 million covers tuition fees in private colleges, and another 134 million for extra classes while students are still in secondary school. What is even more concerning is that this figure would be higher if families were to declare the full amount they spend.
And this is not all! It is also reported that families spend 804 million euros a year on their children when they are still in primary school and another 284 million on childcare.
This is a lot of money spent in a country which has aimed to provide free education for all. And the question some parents ask is: “Is it really worth it? Will our children find a good job in the future?”
While we can say that education is an end in itself, and a really good education will result in professional success, it is also true that young people and their parents worry about the future.