I just read about a bit of a trend in the United States. Some parents are buying their kids a business franchise rather than paying for them to go to college. Perhaps there’s something in it.
The cost of a university education in the UK has never been higher and yet the value of the end product – a degree – has never been lower. The less scarce something is, the less it’s worth, and there have never been so many people around with degrees. With tuition fees typically pushing £30,000 for a three year course, and with additional living expenses to take into account, well that’s quite a chunk of money to put towards a franchise or stand alone business enterprise.
If I had a teenager who wasn’t particularly academic, but felt compelled to follow the conventional route, I know I’d be thinking about this quite a bit.