Savings and Finance

Is Higher Education Worth the Financial Investment?


One of the first major decisions that school leavers face is whether to continue their education or not. However, the choice of whether to pursue degree level learning is something that can face you at any time in your life, as more and more adults turn to education, boosting the population of mature students at all sorts of institutes. But with the rising costs of education, it has to be questioned whether the receipt of a degree certificate is worth the major financial investment that comes hand in hand with further study. Here are a few things you should bear in mind when deciding whether to enroll in a course or not.


What Are Your Aims?

People generally enroll on college-level courses for one of two reasons: for a sheer passion, they have for their subject of choice or as a means of career progression. Those who fall into the first category are unlikely to prioritize finance when it comes to making their decision. They are likely to enroll regardless of the cost, as they are fuelled by intrigue and a genuine wish to expand their knowledge. If you are considering receiving a degree to open doors to new career opportunities, however, it is likely that you want to make the most profit from your hard work and time invested in your studies. These individuals should first weigh up the demand for workers in certain sectors and the average rate of pay that these positions hold before enrolling on a course that will qualify them for the job role. If a degree is necessary and the resultant job positions prove profitable, take it up!



Reducing Overall Costs

While college level teaching will always come at a cost, there are a few different ways to reduce the overall costs of your course and college experience. First, you can take on part time work during your studies. This will allow you to take out a smaller loan for living costs, such as accommodation, groceries, and socialising. Avoid taking on full time work though, as long hours can affect your studies. You can also minimise your expenses by budgeting. Opt for housing with lower rent, buy own brand products from the supermarket and minimise socialising rather than going out and spending large amounts of cash on food and drinks every night. Once you have completed your studies, you will have to make student loan repayments which will have added interest. Having numerous loans can result in missing repayment dates and accumulating extra fees and fines. So consider consolidating your loans, as advised at This will mean that all of your repayments will be due on the same date and you may also be able to find options with lower and more preferable interest rates.


Put in Maximum Effort

There’s no point taking up a course and then putting any less than maximum effort into your study, research and final pieces of work. After all, you’re paying a lot for your tuition and access to the facilities at your institution, so make the most of them! Attend all lectures and seminars, use exclusive archives and sources of information and be organised, completing your work before the deadline rather than leaving everything until last minute. You will receive the best grade possible in return.


If you follow these steps, you will be able to determine whether higher education is right for you and beneficial for your bank balance. You will also be able to save as much money as possible while you are away, minimising your overall debt.

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