If you’ve been an avid watcher of the Inspector Morse on TV, you probably remember some of the beautiful shots inside the famous Oxford colleges. Naturally, you would have come across similar scenes in other TV shows about the Oxford area, but only Morse took its viewer deep down into the life of Oxford students in the late 80s and the 90s. And let’s be honest, it did look like a marvellous place to be, full of opportunities and powerful minds. Unfortunately, not everyone can go to Oxford. You need a happy mixture of grades and personality… Also, you need to be able to afford the life in town. Oxford is only one example out of many. When you think about it, it seems that our children will struggle with the challenges of an expensive education, while we might not have faced the same difficulties.

Tuitions fees are here to stay

If you finished your studies before 1998, then it’s likely that you didn’t need to experience tuitions fees, as these were first introduced in September 98. In fact, despite recent political discussions about the possibility to reduce or remove the tuition fees – as suggested by the Labour party – it’s likely that the tuitions fees will not only stay but also increase, as a result of Brexit. With potentially less foreign students joining British universities, and less investment in the university research and development, there’s a risk that tuitions fees will be raised to compensate. Additionally, according to independent.co.uk, the inflation caused by the falling pound – another result from the Brexit referendum – has increased the loan interest rates by up to 24 times, forcing millions of students to repay more in student loan fees. While there is no way around tuition fees repayment, consolidatestudent.loan offers a friendly approach to consolidate debts into one payment and gradually reduce this payment. In other words, studying has become an expensive start to the professional life.

Kids need more tech than you and me at the same age

If you were a student in the late 90s or the early 2000s, it’s likely that you made do without a smartphone or even a laptop. You probably used the library computer to prepare your essays. Students, nowadays, can’t make do without digital devices, from a smartphone to stay connected to their community to a laptop for their research work and essays. While there are still some advantageous contracts for specific devices, and even with the student discount, it’s easy to see that your everyday student life has become more expensive. The need for digital tools is omniscient and enables students to download their lesson plans, register to their modules, and even interact with other students and professors. In other words, we can’t blame modern students for wanting their precious digital devices.

In conclusion, it’s easy to see why for modern student, going to university has become more expensive not only in terms of tuitions fees but also in terms of equipment requirement. While you might think that their first job will help to repay the student debt, you’d be interested to know that the UK is not among the top 10 countries where students can have high salary expectations. Studying in the UK is not a profitable commitment for young people. Comparatively, students in Switzerland can expect the highest salary in the world when they graduate from university, followed by Norway’s students. As both these countries will continue to accept UK’s students after Brexit, they might present advantageous options for future generations.

 

Is Student Life More Expensive Than It Used To Be?

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