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going to university is worth the money

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At the moment, I have exactly two debts. My mortgage and my student loan. My student loan balance is in the region of £10k-£11k I think and since it’s the interest rate is tied to inflation, it’s being paid off at the lowest possible rate.

I have never considered my university education a financial investment, even though it is, in part. I didn’t get my degree in order to get a better paid job, although I probably wouldn’t have paid to go if it was going to hinder my job prospects.

I went to University because I wanted to leave home, and because I wanted to study my chosen subject (to the uninitiated, one the doesn’t obviously lead to a well-paid job). I invested the time and money in myself. (I was going to say ‘improving’ but that might be a little hasty, I should probably stick with altering.)

This investment has paid off handsomely. I know a lot more than I did before I left home to study. My degree taught me to think critically and logically, which I find useful everywhere. I made some great friends, and developed a lot of confidence through living away from home, and the other opportunities that presented themselves whilst I was a student.

In terms of financial reward, I’ve done ok. I could be earning the same sort of money that I’m on now anyway, even if I hadn’t been to university. But I probably wouldn’t have found the career that I love.

Overall, going to university has been well worth the money.

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4 comments for “going to university is worth the money”

  1. Thanks for sharing your reasons for going to university. They make sense to me.

    I did things a bit differently. I got married at age 20 and left home at that time. My wife was 21; she, too, left home when we got married.

    We stopped going to college (we each went one year) and began our careers.

    It is a different path from most, but it worked well for us.

    Posted by Ryan Healy | November 13, 2007, 9:53 pm
  2. I think going to university is worth it for some people and not worth it for others. I went to university (far from home) because I was quite intellectual and had been longing to go to university since I was around 13. I did not think of the financial aspects, I just took out student loans. After graduating with a B.A. in something useless (but very interesting!) I did a graduate degree in a professional program. So I now have a career and student loan debt (I graduated with approx 25 000 $ Canadian in debt). I have just recently started aggressively paying down the student loan debt. I do not regret my education but if I were doing it over again I would find a way to do it with less debt. However, some people just go to university because others expect it of them and not because they have any particular goals or passions of their own. Some people would be better served by technical training, but they have been indoctrinated to think that university is “better”. They don’t realize that a plumber may well make a heck of a lot more than a university grad with an English literature degree.

    Posted by Monica | November 15, 2007, 12:41 am

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