5 Pro’s and Con’s for Going to University

Going to University?

 

Education is an Investment – with the increasing (perceived) debt for students, many potential university pupils are questioning if they should jump straight into the job market or accept the (perceived) debt they will intake through the education system?

University Pro’s

 

• University is a lifestyle choice as well as an educational means, for many universities is the first time they get to live away from home
• Degree level employees are paid more than none qualified colleagues with graduates accepting management training positions in various organizations
• University gives you the means to become an expert in a subject
• You don’t have to pay your fee back until you earn over £27,295
  

  (it was £25,725 before the new tax year kicked in on 6 April) 

  (and you only pay back 9% on anything you earn above this amount) 

• Being a graduate is a positive identity
• You can access HE (higher education) course in traditional universities, college settings (often smaller classes, additional support and reduce fees) and as a degree apprentice 

University Con’s

 

• You have a large perceived debt holding over you – but remember you don’t pay anything back until you earn over £26,575 
• If you choose the wrong degree (a career you decide you no longer interested in) you have still have to pay back your student loan once you earn over £26,575 and/or you may have to retrain for a new career ***gaining career advice before applying for HE is a must!
• There may be a future decline in careers in the sector you are studying in, that you were not aware of when enrolling
• At first, you might not know anyone (but you will quickly make friends)