University quickly fading as the ‘only option’ as students become less inclined to go into debt

UCAS application season is firmly underway, with those wishing to go to university due to submit by the 25th of January. Students at Sixth Form – and even at GCSE level – will be questioning what path they want to take following their studies – ranging from university to apprenticeships, internships and even entering the world of work. Now, as the cost of living soars and students on average need an extra £439 a month for living costs, on top of the hefty cost of tuition, new landmark research from MyTutor reveals that students today are understandably, increasingly career-focused with 57% of students citing being successful as their biggest driver in school – defining success as not having to worry about finances later in life. The report also found that university is now not the only path parents are recommending their child to explore, with nearly two-thirds (62%) discussing alternatives to a university degree.

Below MyTutor has offered a breakdown of some of the alternative options available, encouraging fluid discussions amongst parents and children on how they are feeling, and what their gut is telling them is the right path for them next.

What to do if your child doesn’t want to go to university?
University is becoming less of an appealing option to many young people. It’s important to be aware of all other options that are available to make sure your child is as educated as they can be when deciding on their future. Your child may decide they want to take a year out and travel, complete an apprenticeship or go straight into work. There are multiple paths to take after secondary school or college which can all lead to success. It’s important to note that university is not the only path to success. If your child decides university is not for them, it can open the door to so many other opportunities that can be just as rewarding.
How far can your child go with just A-levels?
Some children do not flourish in academia, so how far can they go with just A-level qualifications? The answer is – very far. Internships and apprenticeships are both available straight out of school and incorporate much more hands-on type of learning which can be very beneficial to those who do not do well in classroom environments. Apprenticeships are longer term and are often guaranteed to give a permanent job at the end, whereas internships are usually shorter and can provide young people with a taster of a chosen field, perfect for those who are unsure. If your child really does not know what they want to do, they may find they want to take a gap year or travel to work out what they really want from their future.

How to be the parent of a budding entrepreneur
Many children have seen their parents and people close to them lose their jobs as the pandemic took hold. As 800,000 new businesses were started over the pandemic, young people may now want to become their own boss. If you’re the parent of a budding entrepreneur, you can make your child aware of all of the resources available to them to give them the best chance of success. MyTutor offers tutoring in business studies and accounting which can help prepare and advise teens on how best to run a business. In addition to this, there are countless podcasts, books and events that are aimed at young entrepreneurs.