Train4TradeSkills News: Student debts hit £53k – Why it’s time to go vocational
The Push university guide found that because of the planned tuition fee rises to £9,000, student debt is expected to double – with the average student owing £53,000 when they graduate from University.
2,800 students were interviewed and the stats were based on the average course lasting 3.4 years.
And that’s not all. £53k is the average figure, with students in England having to pay more, with an expected average of £59,100.
£59,000 for a degree! With the jobs market so competitive at the moment, and graduates having to compete with people possessing years of experience who have been made redundant, is a degree really worth close to £60k.
That’s why many people are considering vocational careers such as builders, plumbers and electricians.
The government are committed to increasing the number of apprenticeships in Britain, with the plan to create 40,000 apprenticeships this year and a total of 250,000 by 2015.
Combine that with the fact that new plumbers and electricians are needed in the UK, and the vocational route looks promising compared with the high tuition fees of university.
New research released this month found that the construction industry is heading towards a “retirement timebomb”, with 17% or 1 in 6 contractors set to retire within the next 10 years. That means more new recruits are needed to ensure the construction industry evolves and continues to progress in the future.
What do you think? Is £53,000 way too much for a university education? Let us know your thoughts in the comments section below…
- More young people need to reinvigorate trades industry and avoid “retirement timebomb” (train4tradeskills.wordpress.com)
Posted on August 15, 2011, in construction jobs, construction news, Electrical News, electrician, electrician courses, electrician jobs, plumbing, plumbing courses, plumbing jobs, Plumbing News, t4ts, train4tradeskills and tagged Apprenticeship, construction, construction apprenticeship, electrician apprenticeship, Higher education, plumbing apprenticeship, student, student debt 2012, t4ts, Train4trades, train4tradeskills, tuition fee prices 2012, Tuition payments, university tuition fees, vocational qualification. Bookmark the permalink. Leave a comment.