As all over the world the prices for the higher education has started to grow too rapidly, and because of that the higher education has started to be too expensive thing. Due to this fact, far not all the people who want to receive the higher education, has such an opportunity.

However, because of such a difficult situation, the credit system has stared to develop quickly. With the help of the educational credits t si possible to cover the education, but, all the educational credits in the Europe presuppose then high level of the overpayment. The interest rates within the credit for the education are too high. They are even considered to be one the highest within the whole world. That is why the amount of people who receive bad debts after the graduation from the higher educational institutions is also too great.

It was founded in 1647as Academia Bambergensis by Prince-Bishop Melchior Otto Voit von Salzburg. Due to his hard work and creativeness, it has become a full university, which included departments of medicine, law, theology, and philosophy.

In 1803, because of the process of secularization and diocese, the academia was closed; however, still, Catholic theology could be studied.

College of Philosophy and Theology was established in 1923, and in 1972 it was joined with Teachers Training College. The Gesamthochschule was created, as a model of the modern university. In 1979, it earned the tile of university.

Nowadays, University of Bamberg offers the following degrees: B.A., M.A., and PhD. The institution is granted as the higher educational establishment and a research university.

The University has four departments:

•    Humanities and Cultural Sciences;
•    Human Sciences;
•    Information System and Applied Computer Sciences;
•    Social Business, Business Administration, and Economics.

Within the University of Bamberg, Institute of Catholic Theology exists.

Firstly, it was founded like Great School, and it became a University only in 1905, it happened after the royal charter was awarded to the school. In those times only three faculties were present within the curriculum of the University of Belgrade: engineering, law and philosophy faculties. After the People’s Republic of Yugoslavia was established, the popularity and development of the University of Belgrade started to increase.

In 1980, because of the instable political situation in Serbia (worse Serbia War in Bosnia, Croatia, and Kosovo) the quality of education and the terms of the education started to become worse. Lack of finances has played its ad role.

Only in October of 2000, the university of Belgrade started renovations not only in the educational system, but also in the providing students with all the modern facilities.

Nowadays Belgrade University has become a powerful and famous educational institution where the great number of specialties is presented to the choice of the applicants. Great number of students from the former territory of Yugoslavia is coming to Belgrade in order to receive highly qualified education.

Aarhus University was established in 1928 as “University Teaching in Jutland”. The classrooms, where the education was holding, were rented from the Technical College. A teaching staff consisted only from one professor and four Readers of English, Danish, German, and French languages.  Until those times, the University of Copenhagen was the only one university in Denmark.

This educational institution started to be named as Arhus University in 1933. In 2001, all the buildings were completed and the university has received the appearance it has now.

Nowadays, the university is organized in eight faculties:

•    The Faculty of Humanities;
•    The Faculty of Health Sciences;
•    The Faculty of Economics and Law;
•    The Faculty of Theology;
•    The Faculty of Science;
•    The Faculty of Agricultural Science;
•    Aarhus School of business;
•    National Environmental Research Institute.

In 2007, the number of enrolled students has reached the figure of 35,000. Each year nearly 900 foreign students have come to the University of Aarhus in order to receive education. University of Aarhus is quite popular abroad.

In the beginning of the 60’s Amiens joined together in four pre-university level establishments: a law school, a national school of medicine and pharmacy, a science college, an arts school. However, the students were not able to receive a complete education there, they have to graduate somewhere else.

In 1848, the educational institution started to be governed by Lille Academy. However, the institution was aimed to become independent that is why in October 1964, it obtained an academy in Amiens. Robert Mallet was that one to govern the institution. Different faculties had started to appear under his governing, and in 1970, the status of the University of Picardy was approved.

From that time the University of Picardy Jules Verne is rapidly developing, it received such a name in 1992 in honor of the famous writer Jules Verne, who lived in Amiens for some period of time.

In order to become a student of the university, you have to pass the enrolling examinations; you may study at the expenses of the state or for free. However, the Ukraine is coming to the tendency to stop making the enrolling examinations for those who are eager to pay for the education.

The choice of the university is just great. You may choose among the humanities and exact sciences; you may choose among the state and private universities. However, one should be careful with private universities as only a limited number of them have the proper level of accreditation.

When you graduate from the university, you earns whether bachelor’s degree, it means a not finished high education, specialist’s degree or master’s degree. However, the debates are taking place in Ukraine in order to reduce the degree of Specialist and only to leave the degree of Bachelor and Master.

Ivan Shuvalov and Mikhail Lomonosov were those to give the idea of the foundation of the university, and Russian Empress Elizabeth gave her agreement and signed a decree of the university foundation on the 25th of January, and from that time, the date of 25th January is famous as the day of the Students’ day. In that day, all the students are gathering together and having great celebrations within their educational establishments and within the whole Russia. They are remembering funny occasions during the study, sinning student songs, and as a rule, the celebration ends up with the great fireworks at the central squares of all the cities in Russia. The quality of education in the M.V. Lomonosov Moscow State University is considered to be one of the best in the whole world, that is why a lot of foreign students are coming to Russia in order to receive the education.

But from other side, a lot of people who have graduated from college or university say that all knowledge which people get during the process of education at college was very important and they used it at work, that’s why higher education is considered to be as one of the most important things in life.

But the problem with higher education exists and it is connected with the choice of higher educational establishment. A lot of young people would like to study at universities which belong to the “Ivy League” like Harvard, Princeton. Yale, Brown, Stanford etc. Does it really matter? A lot of parents want to see their children as students of one of above mentioned universities. But do you really think that other universities which are less prestigious are so bad? It is not so and many people who had graduated from them became excellent specialists and achieved big success. The main thing is what you can do and not where you had got your diploma. If you can’t accomplish your duties and don’t know simple things which you are supposed to know, then diploma from prestigious university won’t help you.

And according to the recent statistic data, many students stop to study because they don’t see the practical meaning of their education and sometimes it can be so. That’s why it is worth to send children to study at educational establishments with obvious practical directivity, like technical\cal or business schools, computer schools etc.