>The top ranked university in Europe is Oxford, which educates more than twice as many students as MIT with half the budget. I doubt this is because Oxford is cutting corners on educational curriculum.
Maybe, maybe not. It could just be from cost-of-living differences: salaries for many jobs (particularly highly-educated ones) pay a fraction outside the US what they do inside the US. How much are Oxford professors and staff getting paid compared to the ones at MIT (which is Boston, which is a very high cost-of-living city for the US)?
Im not sure what you mean by maybe not. If oxford is cutting corners, it still has the top rank in Europe, so I suppose they are the correct corners to cut.
Perhaps high professor and admin salaries in the US are a problem with US education.
I found this on Google:
And: The average at Oxford is much higher than MIT. Note: GBP to USD is currently 1.27