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When he first came to power, Tony Blair proudly announced his party’s mantra was “Education, Education, Education�. A commendable enough focus and definitely not an area a person would think of associating with frustration and high personal debt. But as time has gone on, as more and more institutions have acquired the status of a university, and student loans have become easily available to all, schools have encouraged many more young people to go for degrees without really spelling out the cost.

There isn’t any doubt that we require a more highly educated society, but are youngsters actually receiving the best advice? In reality; it’s not a difficult sell to promote to an eighteen year old to leave the family home and live with their pals, not worry about finding a job for three or four years and get discounted beer at the student union bar. A bit of a basic interpretation maybe – of course there’s a bit of lessons to attend, and a careful balance to keep afloat, then the rewards will be worth it eventually. But is that really so? For a great deal of families, the real cost of university education can go on for a long period after graduation, both socially and financially.

Student Loans (the best method of borrowing for university undergraduates), tuition fees, rent and the cost of life in general over the course duration can set you back well over £30,000 – with no guarantee of employment. It’s to nobody’s amusement that freedom-seeking teenagers out to conquer the world too often are forced to return home because they can’t find work. Not only do parents still have to support them financially, but unemployed adult children back home again can obviously make things awkward!

A university education can be a great thing for young people, and is the only path for many of our professions. But we ought to know that in some disciplines, there are other, sometimes superior alternatives. As far as IT is concerned, employers are crying out for commercially qualified IT professionals. Only having a university degree means students often end up having to top up their IT training skills to be ready for work and have a chance in the job market against Microsoft, CompTIA or Cisco professionals. The disappointing thing is they would have qualified two to three years earlier and not been burdened with a five figure debt if they’d studied with a global online computer training provider. Maybe alcohol in the college bar isn’t quite so cheap after all – certainly the bank of mum and dad would be a lot less used up, and there’d certainly be more space on the sofa!.

(C) Scott Edwards - www.learninglolly.com. Scott Edwards has been involved in the IT and Training Industry for 30 years.

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