Is University Really Worth It Any More?

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'Paying £50,000 to sit in socially-distanced student accommodation... doesn’t sound like a whole lot of value for money – or fun'

Even before Covid , a university degree had been steadily declining in worth. The so-called graduate premium – the increase in wages that graduates can expect in comparison to non-graduates – has fallen consistently in recent years. Whereas graduates born in 1970 earned 19 per cent more than non-graduates by the age of 26, by 1990, this had fallen to just 11 per cent. Meanwhile, 58.

And yet, and yet, and yet. Studying English taught me about the world, about human nature, discipline, truthfulness, precision, history, and above all, the importance of empathy. It taught me that the best word is a simple one, and a shorter sentence is always best. It taught me not to believe what you read in newspapers, or magazines – even this one! – but to consider the possibility you are being manipulated, or lied to.

 

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