Nearly a third of the public think that a university education is not worth the time and money, up from 18 percent in 2018, according to a poll.
Researchers also found that 53 percent of the public said that vocational education was better at helping young people adjust to work life, compared to just 11 percent who thought university was better preparation.
When asked which better equips people to adapt to the changing demands of the job market throughout their careers, 19 percent believed university was more effective, while 38 percent favoured vocational education.
However, respondents were almost evenly split on which resulted in financial stability later in life, with 25 percent saying university, and 26 percent saying vocational training.
Parents Prefer Apprenticeships Over Degrees
The survey also found that while 59 percent of parents of children aged 11 to 17 said it was likely their children would, or already had, applied to university, more parents would prefer them to undertake an apprenticeship (48 percent) than study for a degree (40 percent).Researchers also asked graduates if they thought their degrees were worth it, in terms of experience and benefits, with 8 in 10 saying it was. Two thirds (66 percent) said a university education was worth it to help them find jobs and advance their career prospects; however, 30 percent disagreed.
Alison Wolf, professor of public sector management at KCL, said of the findings: “The public understands the value of universities and graduates are positive about the experience, but there is evidence here of growing scepticism about some of what universities do and whether they alone are enough.
“People do not see them as the most important priority for education spending: our findings confirm and build on other evidence that support for apprenticeships ranks higher.”
A spokesperson for Universities UK said that vocational training and degrees are not in competition, “but instead are complementary as much of higher education is vocational.”
“A huge number of the degrees and degree apprenticeships offered by our universities are also directly informed by employer needs, and provide training to specific careers, for example, within health care, teaching, and construction,” the spokesperson added.
Sector Finances
The report comes as the HE sector faces increasing financial issues, with many across the country shutting courses and making staff redundant. University leaders said difficulties have arisen as a result of inflation, frozen tuition fees for domestic students, and a drop in international enrolments.Earlier this month, the University and Colleges Union, which represents over 120,000 academics and HE professionals, called on the government to issue emergency rescue packages to universities struggling with their finances.
The report said: “Not every provider will be able to grow their way out of this period of financial contraction. Many will need to review current operating models, and some will need to plan to deliver their offer with more limited resources, as income declines in the future.”