Is university really worth for what you pay?

'Three-quaters of students won't pay off their university debt'

If you have been to, are at, or planning to attend university, read on....

It's a topic unwelcome by thousands; the amount of money it requires to attend a higher education institution despises many of us.

2011 witnessed a transformation in the university system. The government approved a legislation to allow any university across the country to charge English students up to £9,000 per academic year. More than three years later, the press continue to concentrate on peoples' concerns on the amount it cost to attend, resulting into heinous debts.

This week, it was reported that three-quarters of university graduates will not pay off their debts. 'University is a good investment'  - some may say - however - if the government aren't receiving their cash back after a 30 year pay-back period - surely this isn't great for the economy?

The university funding system is unsustainable because of the high number of students who will never be able to afford to pay off their loans after graduating, according to a major new report :Quotes the opening sentence of an article written in the 'i' this week (18/11/2014)

The Higher Education Commission (HEC) warned that the average salary of a university graduate would mean that they are unable to repay their loans after the 30 year period. Yes, I understand that a substantial rise to £9,000 a year meant that universities would become less reliant on the tax payer, but all this borrowed cash that would be unpaid surely can't be practical for us all?

I have never experienced university life, maybe some day I will. Likewise, through discussion with graduates and current students, it would be challenging to deny that it is a brilliant experience. It would excite myself to leave home, whizz off to university and understand independent living, but I'd personally not wish to do all of that on finance. Also, the fact that I can become a journalist without a degree is appetising. Potentially, I could walk straight into a full time job next summer debt-free. Who knows..?

I acknowledge and appreciate professions such as teaching and medical related jobs that require a degree. I just have sympathy on the amount of debt incurred by them as students. Did you know the average debt built it £44,035, suggesting that only 45p for every £1 is paid- WOW! 

Is university really worth for what you pay?

I think university is a huge investment that will have a substantial impact on the avenue you will walk. If you're someone certain about what you wish to do in your career that would mean you need a degree - go for it. If you find yourself hesitant or unaware on what you'd like to do as a career, seriously think about where you step next. 

Remember that university debt payments don't begin until you earn more than £21,000. When money is withdrawn from your bank to pay back what you owe, it's likely you wouldn't recognise it. Nevertheless, think about what you could use the money you eventually pay back for. 

Remain positive, keep devoted and be determined to do what you aspire. Maybe university fees will decrease?