We all know about the big 'hoo-har' that was caused when the government scrapped funding for universities, meaning students now have to pay a lot more to go than in previous years. Speaking from experience, this is, I've just arrived at the University of Birmingham to study a Bsc in Economics and i'm paying £9000 a year for this. That means i'll be riddled with £27,000 of 'debt' by the time i (hopefully) graduate in 2015. I'd like to put my opinion across about these changes to the university funding system.
Basically, the expectation is that all students despise this change and are totally against it. Well, i differ from these. I actually think it's quite a good idea and will be beneficial to me. Why do i think this i hear you say? Well, first and foremost, competition. The amount of applications in the United Kingdom in 2012 fell by 8.9% according to the BBC news website. So, for me, when i finally leave university in 2015 the amount of U.K graduates competing for jobs will be lower and therefore i have a better chance of achieving a job. Call me greedy, but it's in the human nature to be greedy isn't it. Look at the American Government for example, they were one of the biggest and richest economies at a recent point yet they still feel the need to try and make even more money be it through war or whatever. So, my greed isn't really unjustified as everyone seems to want better for themselves.
Leading on from this is the fact that due to falling numbers of applicants it means fewer degrees will be handed out from 2015 onward, compared to previous years. I think this is excellent. Degrees had become too common in recent years, it seems that the majority of people naturally moved onto university after completing A-Levels, whereas in the past this was never the case. Back then, degrees were rare and it really separated the good from the great. Nowadays, with degrees becoming so common, employers look more at other factors such as skills and personality rather than how hard-working, dedicated and academically sound a person is. I think this is wrong. You're born with your personality and it's very hard to change. So, people who were born confident and outgoing are going to stand a better chance of a job than people who are shyer and keep themselves to themselves, purely because they may both have degrees and therefore other factors need to be assessed. Whereas, if degrees become rarer then it goes back to academic achievements as the main basis for employment, which is a much better reflection of how well rounded a person is in a work environment.
My final point as to why i feel the increased cost of university is good is the risk factor. The fact that a student will be put into £27,000 of debt makes going to university a natural risk. But this risk is then very motivational and makes people work harder in an aim to not waste the three years or so that they're spending so much on. The risk factor makes those with ambition thrive and this is a very good thing. It brings the ambitious and driven people to the front of the group academically, which is where they rightfully should be. These are the people we want to be running businesses and taking the top jobs in the future as they're the ones with the drive to push things forward which will more than likely enhance the economy. The great get separated from the good and i think this is fantastic.
Call me bias, i don't mind, it's my opinion. Feel free to throw yours out there! Thanks for reading guys, have a good day!
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