To believe £27k University debt will put children off?

[Mitmoo]

I am a graduate so value education but now we've seen that so many universities will be charging £9k a year that it will make todays pupils think that a degree just isn't worth the cost?

I know it doesn't have to be paid back until they are earning £21k or thereabouts but they are looking at 20 odd years of debt, more for some and no option to pay it off early if they get a windfall.

Add that to so many graduates not in graduate jobs and others out of work.

AIBU to think we are going to go back to the bad old days when university access won't be based on how smart you are but how much money your parents have?

adams While I hope your DD is wrong and will be earning enough to pay it back, the fact they are going and not expecting to earn more than £21k after their degree is very saddening. Surely the point of going is so they can get graduate jobs?

I guess they are realistic enough to know its going to be very hard out there after graduation. I feel sure the government may already be regretting this massive change to a university education.

But what is a 'graduate' level job.

I'm on a mailing list for jobs in the field I work in and there was one recently, asking for a degree and min 2 years experience - 15k!

Tyler. That is so scary. I do hope adamschic DD is wrong too though and she and her friends get jobs on a much higher income than £21k.

Hard to know what a graduate level job is in todays market. I guess it varies dramatically by sector though.

I didn't say my DD thinks she won't pay it back I meant the general consensus is that if you don't manage to get a good degree (or going in for a good degree) and graduate job then its unlikely you will pay it back so no need for it to put people off.

I think it's pretty clear that many students with degrees don't walk into jobs paying over 21K and might never earn over that amount. They may take career breaks and don't forget it will be wiped out in 30 yrs. This will enable them to focus on paying towards retirement rather that student debt.

Sorry for misunderstanding.

I think they have the right attitude there adams

tyler that is ridiculous isn't it? But this is what I was saying earlier, we are having public sector jobs cut, graduates will be getting made redundant and competing with the new ones coming into the market place.

When I was at university I always felt sorry for the younger students, as I'd already bought my house and during the three years I was at uni it went up by something like 30 or 40k maybe more, all that time they were studying, the prices of homes became out of their reach. Clearly many will be doing very well for themselves other wont.

When I was in my early 20s (eons ago!) graduate jobs were better paid really regardless of what they were iykwim. SOme of my friends who had degrees just applied for certain jobs that even though there were others doing the jobs already their salaries were less than the graduates. This is no longer the case. And dp has at least 3 graduates a week coming into his workplace offering to work FOR FREE in order to get experience .My brother graduated 8 years ago and was one of the 'stars' of his year but has been working freelance and for free at times and got his first paid full time job last year and he is 30 H earns 18k and is in London.