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Four in five graduates would choose university again, study finds

Half (50%) cited career progression and employability, while 45% said their current income made the cost completely worthwhile.

Four in five graduates would choose university again, study finds
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Four in five (80%) university graduates would choose to attend university again despite the cost, according to research from Raymond James.

The study found 60% of graduates believed the education they received made university “completely” worth the cost.

More than half (55%) said the overall university experience made it completely worthwhile, while 53% pointed to the friendships they made.

Half (50%) cited career progression and employability, while 45% said their current income made the cost completely worthwhile.

A further 42% pointed to additional experiences, such as a year abroad or year in industry.

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However, 68% of graduates who funded university through a student loan had yet to repay it in full.

One in five (20%) had repaid more than 75% of their loan, while the same proportion had repaid between 50% and 75%.

Harry Bell, director of financial planning at Raymond James, said: “At the heart of every financial planning conversation is a critical question – is the price I’m paying for this worth it for me?

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“Cost is far less important than value – that’s why some luxury spends are good decisions, and some unthinking splurges are dangerous.

“For anyone going to university, or parents and grandparents guiding their younger family members, don’t be swayed solely by the intensity and volume of the debates about the terms and repayments.

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“The question is what benefit are you looking to gain – be that employability, friendship, experiences, or income – and what’s the likelihood that this investment will generate that return.

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“It’s never too early to develop good financial habits. Learning how to budget effectively, manage your spending, and avoid expensive forms of borrowing can make a meaningful difference to your financial wellbeing long after university.”