Financial Overview: Living in Brazil vs. USA
Brazil continues to be the largest higher education market in Latin America, despite the economic and political challenges, with an estimated US$ 24 billion in education expenditure for 2022. The Brazilian Ministry of Education's allocation for 2023 is anticipated to be $29 billion. Brazil's basic education system serves 46.7 million students, including 8.3 million in preschool, 26.5 million in primary school, and 7.7 million in high school. The higher education sector has 8.4 million enrolled students, while 4.1 million students are enrolled in other modalities, such as adult education. Private institutions enroll approximately seventy-five percent of students in higher education. The Brazilian government places a high value on the education sector. Both public and private Brazilian higher education institutions are increasingly concerned with the internationalization of their programs. Brazilian federal research agencies have a lengthy history of supporting internationa...