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University: a good or bad idea

It’s the time of year where parents help their children finalise their university choice. It’s a huge step for thousands of prospective students, wanting to carry on learning. Do you know the pros and cons of going to university?

University

Big numbers

Each year more than a third of 18-year-olds will go to university, which is just over 250,000 young people. The numbers in England show the regional divide, with increasing numbers of students coming from London, the South and the Midlands.

Pros of going to university

  • Becoming an expert in a subject by learning many specialist areas.
  • Preparing for a specific career path, e.g. a doctor or an actuary. Other career paths start out, such as engineering or nursing.
  • Earn 35% more than school leavers. It can be the course subject and/or the university name.
  • Learn to be life-independent, by starting in the university accommodation and moving into a rented house share.
  • Gain high-level transferable skills, such as think analytically, questioning assumptions, doing research and solving problems with information.

 Cons of going to university

  • Not having skills that employer like. Many bosses believe graduates lack people skills, creative thinking, communication, and teamwork.
  • Less contact learning time than school. Most non-practical courses have less than 10 hours of weekly contact time with lectures.
  • Pile on the debt, as a degree costs about £44,000 (debt). Repayments are linked to earnings over many years. The loan will be written off if not repaid within 30 years.
  • No job guarantee, as a third of graduates don’t walk into a job. 

One of the best things about going to university is that it alters views and opinions by living in a new place and meeting people from different backgrounds. It’s a chance to grow up experiencing different cultures and attitudes; this is only possible for those willing to go to university.

ChildMax pays your take home salary while you’re on 12 months’ unpaid leave, caring for a sick child. It starts from £49.50 or for easy budgeting an initial payment of £8.25 followed by 11 monthly payments of £3.75. You can select your take home salary from £1,000 and up to a maximum of £5,000 per month.

Visit at www.insurewithmax.com  or call the UK call centre 0333 323 0098 for more information.

Sources:

https://successatschool.org/advicedetails/926/pros-and-cons-of-university

https://www.bbc.co.uk/news/education-58478227

Date: 10 January 2022 by max robinson