My youngest son Matt has just finished his AS exams and is looking forward to Uni. The tuition fees are not putting him off. He is determined to go to either Cambridge or London to study engineering.
He did want to try out for MIT but even he baulked at the potential fees of $90,000pa on top of living and travel costs, even if he could win a scholarship. So I suppose our Uni's are still a bargain compared to some.
His attitude is that his degree will give him a kick start into his career and as the loan is written off before he hits retirement it won't bother him too much if he can't get into his chosen career. His attitude is that if his employers tell him he is on £30,000 he will work his finances out on £27,000 and not think about it too much (we will see about that when it happens
). But, if he succeeds in getting in, the rewards are such that paying the loan off won't damage his finances at all. And he is not a young man to give up before he gets where he is aiming to go.
Not all his peers share his view but Matt is a seriously focussed individual and not going to uni is simply not an option for him, despite the debt. His school are trying to talk his year group out of thinking about uni because of the costs and go for apprenticeships instead. So much for encouraging our young folk to achieve their dreams.
It is a good thing we are all built very differently and I am not entirely convinced he is our son - swapped at birth perhaps