Student finance: How much does university cost and does it increase earnings?

Reading this article, apprenticeships make more and more sense.

The combined cost of tuition fees and accommodation for an undergraduate UK student is now estimated at £49,887 (data from the National Union of Students and the Unipol housing charity). Students also need to budget for other big expenses which are not included – food, transport, course materials and going out.

If you live in England and are starting university in September 2023, you will pay back 9% of your earnings over £25,000 from the April after you graduate. This is lower than the current threshold of £27,295.You will also have to pay the loan back for longer. Any outstanding debt will be written off after 40 years, instead of 30 – that’s your whole working life.

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