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Cost:Value of a University Degree

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Cost:Value of a University Degree

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What is the real cost:value of a university degree? What does it really cost? How much debt can you expect when you leave and how long will it take to pay back?

Is University the best option? Is university the only option?

Is university a worthy investment, or a waste of time?

What is the real cost:value of a university degree? What does it really cost? How much debt can you expect when you leave and how long will it take to pay back?

Is University the best option? Is university the only option?

Is university a worthy investment, or a waste of time?

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Cost:Value of a University Degree

  1. 1. What’s the real Cost vs Value of a university degree?
  2. 2. 2004 £27,821 2007 £24,293 2014 £21,702 Adjusted for inflation, the average graduate earns 25% less in 2014 than they would have in 2004
  3. 3. 2007 £7,800 2011 £23,000 2014 £53,000 Expected debt levels for a graduate in 2014 are almost 7 x what they would have been in 2007
  4. 4. £53,000 Leaving Uni £39,000 Age 40 £32,000 Age 50 And you’ll still have over £30k to pay back in your 50’s
  5. 5. There is another way…
  6. 6. Average Uni Grad Cumulative Income £ 0 After 3 Years, a Makers Academy Graduate has paid the costs of their tuition, and made £82k on top, while a University Graduate still has £25k debt After 5 Years, Makers grads will have made over £142k profit. A grad has technically made back the cost of his degree plus a little over £18,000 £ 300k After 10 years, with no change in salary a Makers Academy graduate will have made almost £300k, while the Uni grad has made just over half that, at £152,000
  7. 7. Don’t waste +£50k and 3 years of your life
  8. 8. Learn to Code in 12 Weeks
  9. 9. Sources - http://en.wikipedia.org/wiki/Tuition_fees_in_the_United_Kingdom - http://www.bbc.co.uk/news/education-26992728 - http://www.theguardian.com/education/2014/apr/10/university-students-loans-fees-graduate-debt - http://ww2.prospects.ac.uk/cms/ShowPage/Home_page/Members___Log_in/Labour_market_information/Graduate_Market_Trends/ Graduate_salaries_and_vacancies__A_review_of_the_latest_research__Spring_05_/p!ecdbLLi - http://www.nus.org.uk/en/advice/money-and-funding/average-costs-of-living-and-study/ - http://www.bis.gov.uk/assets/biscore/corporate/migratedD/publications/D/DIUS_RR_09_05 - http://www.thisismoney.co.uk/money/studentfinance/article-2188668/Student-debts-escalate-average-cost-years-university-soars-53-000.html - http://www.bbc.co.uk/news/education-26954901 - http://www.thecompleteuniversityguide.co.uk/careers/graduate-salaries-and-the-graduate-premium/

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