Thursday, August 18, 2016

Debt, depression and dud degrees: Why would anyone go to university?

You're 16 years old. Unless you want to stay in an underpaid, zero hours job forever, you'd better fill in a UCAS form. That's what school tells you. That's what your parents tell you.

You might wonder, quietly, if you do really want to spend three years studying business studies or English literature or geography. But then, what's the alternative? A job at Sports Direct? Graduates earn more, you're told, by school, by your mum. You'll be taught by expert professors, you'll learn loads. And there's all the social side of it. Given how messed up the job market is, you'd be daft not to go. You apply.

But while you're visiting open days and writing your personal statements, you keep seeing things that make university sound less appealing. There are the £9k fees, the scrapping of maintenance grants (which have been replaced with more loans), the overpriced student housing, the reports of stressed and anxious students. Jo Johnson, the universities minister, even admitted that teaching quality is sometimes pretty shit. But fine, you'll put up with that, because at the end you get a degree, and that'll get you a decent job. Except a big report came out recently saying that graduates at some universities actually earn less than non-graduates. For students who study the creative arts, more than half earn less that £20k. Last month, a think tank said the government should "be charged with gross mis-selling" because many students will never see the vast graduate premiums that politicians have promised. Full story...

Related posts:
  1. I asked academia's most vocal critic why University is a waste...
  2. 7 million Americans flat out refuse to pay back student loans...
  3. How American universities are ripping off your education...
  4. US student loan debt nears $1 trillion...
  5. The student debt loan bubble is creating millions of modern day slaves...
  6. American university students work too much – at jobs, not school...

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