Chula fee structure is confusing. Am I getting it right?

[NotYetReady]

I was looking into Chulalongkorn fee structure and stumbled into this, please do help understand it correctly. The fee structure for a 3-semester program is given as below: 

 

Preterm Course        Program Tuition        Graduate College Fees
(Up to 5-course)
15,000B/course         91,000B/term           23,000B/term

 

The full cost of the program, excluding living expenses, is as follow: 15,000(5) + 91,000(3) + 23,000(3) = 417,000 Baht

 

This will translate into nearly $13,000 which could easily land me in a similar program in Ireland 

 

The rate is for Thai applicants by the way which I am but I find it either exorbitant or miscalculated.

The program handbook is in this link.

 

Is my calculation for the costs correct?

[sanmyintmaung]

Other private universities in Thailand charge similar amount for master degree in Business Administration.

http://www.grad.au.edu/graduate/download/content/file/general/Brochures/MBA/ProHM.pdf

 

 

[LolaS]

chula is not private school, but the program is typical ripp off

[Rhys]

A awha....a  certain university down south, not even private has doubled the tuition... rationale..... the quality of education has a cost... had to puke ....

[manchega]

Education is a good business to be in.

 

I just hope we are not creating the issue in the West where more graduates and not enough jobs.

 

Do you know the average Thai bus driver must be degree educated.