According to new research from Ernst & Young, about 40% of university degrees will soon be obsolete. With traditional degree structures being branded as limiting and outdated, we ask whether there’s a better way to educate yourself than gaining a university degree.
Times are changing
The popularity and necessity of a university degree has fluctuated over the years. In 1945 for example, as little as 2% of the population possessed a university degree, meaning that they really were quite special. However, over the years as more and more students gained degrees, the value has become lessened. There’s research to suggest that many students with degrees are in low paid, low skill jobs. The university system clearly isn’t working, but how can students who want to gain a good education manage this change?
The difficulty is that with so many students gaining degrees, many jobs that didn’t need a degree in the past now want one. However, employers are becoming very aware of the fact that a university degree isn’t the only option. Many are opening their mind to the idea of online learning, the new trend that is taking over traditional learning.
Why are students choosing online learning?
Job ready education
Many university degrees aren’t able to give you the same level of job ready qualifications as an online course. Employers want to take on people who can hit the ground running, and an online qualification is more likely to give you the skills to do that in your new role.
With a university degree there’s a lot of structure which can make it difficult for someone who wants to work part time or raise a family alongside their studies. With online learning, education becomes so much more accessible and learning can be done at any time from anywhere.
Online learning works out a lot more cost effective than a university degree. With a degree, there is the costs of living, plus massive tuition fees that lead to huge debt. The average student ends up in over £50,000 debt, according to research. However, an online course is a lot cheaper. There are also realistic payment plans which mean you won’t spend 30 years in debt, as some university students do.
Does this mean the end for universities?
The number of university applicants is falling year on year, with an overall decline of 2% last year. Whilst this probably doesn’t signal the end of university education, it does show that university is becoming less popular and giving rise to new forms of learning.
Even universities are acknowledging that learning online is a more flexible and effective way of learning - with estimates suggesting that by 2019 50% of courses will be delivered online. This might not mean the end for universities, but it certainly suggests that there is a new wave of online learners who understand the benefits of learning online.
If you’re ready to enjoy the benefits of flexible, more cost-effective learning that prepares you for a job in the real world, then take a look at our training today.