Train4TradeSkills News: Student debts hit £53k – Why it’s time to go vocational

The highly controversial tuition fee rise is set to hit university students in a year’s time and new research has found that student debts are set to hit £53,000 for UK students starting in 2012.

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…

 

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About Train4tradeSkills

Train4TradeSkills offer the only trade training skills courses that combine three great ways to learn, through a unique blend of book based theory, practical workshops and virtual reality PC based training, to help you qualify you as a plumber, electrician or gas engineer. No other learning provider offers our unique way to study, with full tutor support, easy to follow, step by step modules. Once you complete one part of the course and return your work for marking, the next stage of the course automatically follows. It’s as easy as that. It’s fun, it’s easy to follow... and it can be fitted around your existing work and family commitments!

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 , , , , , , , , , , , , , , . Bookmark the permalink. Leave a comment.

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