menu

Higher / University education is very expensive

2
113 views

Do you think higher education has become so expensive that sometimes it's a burden ? I see a lot of university programs are expensive however, the returns in terms of job opportunities are not that great. How to address this problem.

University Teaching
university
Education
Job Search
Maya Kharkwal MA, BEd
2 months ago

4 answers

2

Different countries have different systems. In the UK a student loan can build up to £30k but only has to be paid back only if the student earns above a certain figure. If they do earn above that figure, the repayment can be punitive.

David Cottrell
2 months ago
That is interesting. And, what if student doesn't get job until a certain time period ? - Maya 2 months ago
They don't have to pay back the loan. It's a strange deal as it almost punishes high earners but supports those without work. - David 2 months ago
Indeed. A strange deal. - Hitesh 2 months ago
1

University education is expensive and this is true is not producing jobs for many of the courses. However, the fees are high. As per the report from Bloomberg 40M+ Americans have at least one student loan and 70% of the graduates enter to the job market with a debt. The amount of loan is more than 1.5 trillion.

The problem is not all graduates or the courses they are graduate with can produce earnings.

Hitesh Mathpal
2 months ago
These numbers are high. - Maya 2 months ago
0

Education loan is good if that education can provide you a job. There is a big gap between what is being taught in universities vs demand in market.

Charu Gulati
2 months ago
0

In Germany (and other countries) public universities offer the complete education for free which allows students to leave without debts and start a career without this pressure. As higher education benefits the whole country, not only business, but also society, as it makes the region more robust against populist parties, a possibility to think of for other countries.

Patrick Henz
2 months ago

Have some input?