Majority do not believe a degree is worth £9k, opinion poll suggests
One of the poll questions explained the loans system, which sees graduates start repayments once they earn over £21,000, asking: “Regardless of whether or not you support the cost of university degrees being paid through tuition fees, do you think a university education is or is not worth £9,000 a year?”
Just 29 per cent of respondents said it was worth the money, 56 per cent said it was not, and 15 per cent were not sure.
Pretty loose wording here, particularly the headline.
The cost of the tuition (and all the associate magubbins provided by the university) will be £9,000 per year, or £27,000 in total.
The cost of a degree is far higher, since it includes a load of other stuff including accommodation, the opportunity cost of not working full time for 3 years, and so on.
The issue for universities is whether applications drop by 56% next year, which is what this poll suggests. I somehow doubt they will (by which I mean that people often seem to say one thing in surveys like this but act differently in practice).
On the 2-year degree thing... yeah, sounds pretty sensible to me. Why aren't we seeing more of this?