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leyfa

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He mentioned that they don't spend any more money than they would have in the US. It shouldn't make a difference for the retirement plans then, I assume.

"Private nonprofit four-year colleges charge, on average, $27,293 per year in tuition and fees" [1]

And that's just the private schools. The public schools are considerably cheaper: ~8k USD for in-state students and ~12k for external students. 50k USD is the full prize for the top private schools like Stanford or the Ivy League. Imagine how expensive some schools would have to be for the average to come out at 50k USD.

[1] http://www.collegeboard.com/student/pay/add-it-up/4494.html

I have no doubt that VC money is the lowest in Europe of those three. I wonder though how significant this metric really is, especially if the large developping countries of eastern Europe are included. Wouldn't a VC money per startup/founder be more interesting?

Fortunately, there are sparks of cultural changes lately, especially with the younger folks, but it's a change that won't happen overnight for sure.

I would like to contribute my personal data point on this. I'm a student in a smallish Dutch town at a university that's mostly focused on economics/business and medicine.

It feels like there's a considerate entrepreneurial spirit among the students here. Many seem to wish to found a startup and there are some there doesn't seem to be the mentioned aversion against success and making it big. From what I can tell, most of this is (still) just hot air, meaning that people have big ideas but don't dare start working on them. On the other hand, this might also be due to the lack of a bigger engineering or CS department with more people that can actually build something.

Maybe this is the beginning of a change of culture. I wonder if students in bigger tech-universities have similar experiences.