The government has announced that the student loan repayment term will be extended to 40 years for new borrowers from September 2023 to ensure more students repay their loan in full. This makes apprenticeships even more attractive as an alternative to university for aspiring students fearing they will remain in debt for too long.
With so many skills gaps and companies finding great difficulties in recruiting skilled and qualified personnel, apprenticeships have become more and more attractive. Technical apprenticeship salaries are extremely competitive and earning potential for qualified people is excellent.
Most vacancies occur in the summer to align with college start dates but some apprenticeships are offered any time of year.