University Applicants: Fees Up & Uptake Down In 2012

In an article by The Guardian, it was reported that the number of university applicants fell by 7.7% in England in 2012 and by 10% throughout the UK. Report or no report it doesn’t take a rocket scientist to arrive at the conclusion that the reason for this decline is the Governments changes to tuition fees. Students now look to pay an average of £8,527 each year for tuition alone. This figure means that student will leave university after a standard three years with a minimum of £25,581 of debt.

When questioned about the results of the report, UCAS Chief Executive, Mary Curnock Cook, said: “This in-depth analysis of the 2012 applications data shows that, although there has been a reduction in application rates where tuition fees have increased, there has not been a disproportionate effect on more disadvantaged groups.”

Could this be because parents are starting to prepare earlier to be able to offer their children the opportunity to go to University?

 

Parents are wise to the way the world works and know that now the prices have gone up, it is highly unlikely they will ever come down so if they want to help their children through higher education, in order for them to have a better chance of succeeding later in life, then they are investigating school fees planning now.

School fees planning is one of the best ways for those who aren’t considered high earners to prepare for their child’s future. Implementing financial changes to the way you save now could be your saving grace in the future. As we know, Governments can be volatile but prices rarely go down.