Will University Students' Children Graduate Before They Do?

17th December 2010

The Commons decision on whether university tuition fees should rise to an unparalleled £9,000 per annum has not been received without protest from students who face the likely prospect of debts of more than £30,000.

Combine that with rising job unemployment, it is understandable why there is angst. Students claim that by the time they finish paying back their school debts their own children will be old enough to attend.

Since all the speculation, young people are choosing to consider alternative options, such as finding a job-much to the mixed opinions of school career advisors. Some parents who are suffering through the economic downturn are secretly relieved.

However, recruitment agencies are helping job hopefuls to kick-start their premature careers, reporting record numbers of job applicants since the increased tuition rumour started circulating.

There has never been a tougher time for undergraduates who wanted to take the traditional university path before taking on a full-time career without that invaluable degree. They felt that they would have time while attending university to explore career options.

Conversely, taking on an apprenticeship can possibly be just as advantageous. The oft-quoted statistic that university grads can earn over £1,500,000 in their lifetime may now be a fallacy.

Steven McIntosh, spokesperson from the University of Sheffield, revealed that the NPV (net present value) for those who complete an Apprenticeship is estimated to be around £105,000.