Public University - Chile

Chile

In Chile, older, so called "traditional" universities are more prestigious than the ones created after 1980. Even though some of those "traditional" universities are non-profit private entities, they belong to same superior university council called Consejo de Rectores (Council of Chancellors); the Consejo de Rectores runs its own admission system called Prueba de Selección Universitaria or PSU, which is roughly similar to SAT. Even though state run universities are much cheaper than the private ones, they are not tuition free for the students. It is remarkable that Chile spends only 4% in education, compared to the 7% of GDP recommended by the UN for developed nations. And in Chile the financing of higher education, private and public, is contributed by 75% by self-effort of families. The most prestigious universities in Chile are the state run Universidad de Chile, the private with State contributions Pontificia Universidad Católica de Chile, the private with State contributions Universidad de Concepción and the private with state contributions Universidad Técnica Federico Santa María, these four universities admit the largest numbers of high scoring students in the PSU admission test and are responsible for the largest portion of research (with the Universidad de Chile at the top). The non-traditional universities are, the most part, for-profit universities, and, with a few exceptions, don't have the same prestige as the above "traditional" ones.