There's a big difference between $4,700 and $40,000 for a top quality education.
The Wall Street Journal Tuition fees in the U.K. vary from institution to institution, and also from region to region, but the cost for an overseas undergraduate at University of St. Andrews, in Scotland, for the academic year 2009-2010 would be about $19,000. And if you're lucky enough to be able to claim "home" or "European Union" status, this figure would be just shy of $3,000 a year—though it is set to triple or even quadruple from 2012 onward for some institutions south of the Scottish border under the British coalition government's aggressive overhauls to higher-education funding. Even to study in the University of Oxford's hallowed halls would cost a U.S. student just over $20,000 for an undergraduate program of study. (The fee would be about $4,700 for a U.K. student.)