Charles Kenny wants cash-strapped American students to look outside our borders:
99 percent of U.S. college applicants don't have a great shot at Harvard and MIT, or have little hope of spending three years shivering in the windswept fens of Cambridge or the fog-bound damp of Oxford. But the good news for prospective students and parents is that the opportunities for bargains get better as you go down the rankings: Canada's McGill University is ahead of America's Duke University, for example, and charges about half the fees. And the Shanghai top 500 includes about 37 universities from low- and middle-income economies. Institutions like the University of Sao Paulo in Brazil and Fudan University in China both rank above renowned U.S. establishments like George Washington University in Washington, D.C. or Notre Dame in Indiana. For the cost-conscious consumer of tertiary education, this high quality comes at truly bargain basement price.