I had to look this up. I'm doing my master's in computer science at ETH Zurich, where it is ranked #5 globally according to THE [1], and I pay 804 CHF (874 USD) per semester, i.e. 1608 CHF (1,748 USD) per year. I just had to check MIT's tuition.
> The median annual price paid by an undergraduate who received an MIT Scholarship was $12,715 in the 2022–2023 academic year. [2]
You're basically right, MIT (ranked #3) is almost eight times more expensive than ETH (ranked #5). To be clear though, ETH Zurich is in Switzerland, which is not in the EU.
Not OP, but presumably Switzerland is "in the EU" the same way Hawai'i is in the ocean. It's objectively above sea level, and not literally in the ocean. But when you're surrounded by ocean to that extent, it can have a large impact on the way life is lived.
When one entity has so much leverage over another it compromises the sovereignty of the other.
Also it's a 'gray area' -- Switzerland belongs to many EU institutions like Schengen and EEA without being in the EU proper. Using Euros would also be common in parts of Switzerland.
Or do we want to talk about the > 1trillion student debt bubble that keeps US universities afloat?