Finance is an increasing problem for many students, particularly for
those with dependants. Especially for student parent it becomes
more difficult as he has to meet the cost of bringing up the
child and at the same time fund his studies, more than ever
when he is a full-time student with no income.
financial facts of life for such kind of students can look
bleak - spiraling
living expenses, graduate debt and changes
to the funding system – but certainly not as bad as it
seems. To say, student hardship certainly exists but false perceptions
about finances can cause unnecessary concern.
the government has come out with solutions like Higher Education
that is proposed to start in 2006, which
allows the students to leave university with debts of over £20,000,
and pay up to £3000 per year tuition fees, it has still
fallen short to cheer the depressed students.
here again debt and the cost of studying should not be seen
by the students. The cost of going to university
should instead be viewed as an investment for the future. According
to government figures, the average graduate will earn £400,000
more than someone without a degree over their working life. This
certainly does make it look wise to invest in furthering your
starting salary for a graduate-level position is around £18,500
and amongst blue-chip companies surveyed
by the Association of Graduate Recruiters (AGR) it is actually £20,300.
This compares favourably with an average salary for someone who
hasn’t been to university.
And if you
pass with an honors degree from university means you are likely
on an average a massive 64 per cent more
than a non-graduate. The government figures states that even
if you go to the university but do not complete a degree course,
you’re still likely to earn 50 per cent more than someone
who hasn’t gone at all.
To say the least, the benefits of going to the university will
not only increase your earning potential but will also help you
to remain unemployed throughout your career and open more career
opportunities with better pay packet, thereby increasing your
Of course not all of these benefits will apply to everyone who
goes to the university, but the overall economic benefits of
getting a degree is very appealing.