I'm happy to say I'm not at that point yet. i.e. my youngest had her first day at secondary school today, but I was talking to some colleagues about the recent A'level results in the UK, and they were discussing all the University options.
It's pretty confusing, and given that I've got 4 young children, maybe I need to start thinking about it now. Based on my limited experience... (I didn't grow up in the UK, but went to a UK university (Heriot-Watt in Edinburgh, Scotland)), its all a bit daunting....
There seem to be a few "classes" of University:
- Traditional really good universities
- Newer, but good in some specific subject area universities
- Universities that used to be polytechnics
I'm probably grossly oversimplifying the class thing here, but even with that simplification, it still seems to be a pretty difficult thing to "choose" what university you want to go to. Each of them have different entrance criteria, geographic location, fees. There is no ONE obvious choice. You could go to a more "comfortable" university, which is closer to home and cheaper, and walk away with a good degree, but somehow it won't ever get the same respect as a degree from Oxford or Cambridge. All degrees are NOT equal!
Additionally, now that the grants have all but disappeared, and turned into loans, and that fees are now going up, prospective university students really need to think about whether or not 3-4 years of NOT working and accruing debt will be offest by the potentially higher degreed wages afterwards. The value of a university degree is now being measured purely on wage earning capability rather than the ability to free think and contribute to society in other ways.
The additional fees also raise the prospect of having to work through university to make ends meet. I know it might sound bad, but NEEDING to work during your university years detracts from the life experience that university is.
Other than getting a degree, university life teaches you how to party, get drunk, learn your limits, learn how to get on with other people, and do all the wild things that you won't ever have a chance to do again. I guess I support the idea of working while at university to get extra "fun" money, but to have to work while at university to simply support one's subsistence and fees is sure to make one miss out on all the other (important life experience) stuff.
Maybe there is something to be said for having LESS university places, that the government can afford to subsidise properly. There are so many jobs that DON'T require degrees, and I think we are doing many of our young people a disservice by fooling them into thinking that they MUST go to university to be complete. For instance, there are so many people in the computing industry who don't have degrees, but are substantially better than their degreed counterparts.
Unfortunately, I'm not sure I'll be able to afford to send all 4 of my kids to uni at the current rates. Maybe they won't all want to go. But as a parent I know that if they do, and they are good enough to get in, I'll need to sell a bunch of Sun shares to pay for it.
So please please please. Buy Sun stuff. Get the stock price up so my kids don't have to work their way through university!!!! (and if they DON'T want to go to university, I can retire early, buy a 60 foot Swan and go live in the Caribbean)