High university enrollment will cause huge debts, charity boss warns
9th August 2021

‘Too many teenagers are going to university’: High number of people enrolling on courses will cause ‘astronomical’ debts, charity boss warns

  • Charity boss claims too many teens going to university will create huge debts levels
  • Sir Peter Lampl believes the taxpayer will end up foot the bill for most loans
  • A record 44 per cent of 18-year-olds in England applied to university this year

Having too many teenagers going to university will cause ‘astronomical’ levels of debt, a leading education philanthropist has said.

Sir Peter Lampl, founder and chairman of The Sutton Trust, warned that the taxpayer will end up footing the bill for a lot of student loans, which can cost more than £30,000. 

It comes as thousands of teenagers prepare to receive their A-level results tomorrow.

A record 44 per cent of 18-year-olds in England applied to university this year, a 10 per cent rise on last year. 

Having too many teenagers going to university will cause ‘astronomical’ levels of debt, a leading education philanthropist has said (stock image)

Sir Peter said: ‘I think there are too many kids going to university. Too many graduates come out with a lot of debt – the levels of debt are astronomical – and in many cases they come out with skills that the marketplace doesn’t want.’

He told The Daily Telegraph: ‘We are giving them the money… and the taxpayer is not going to get paid back.’ 

A Department for Education official said there were ‘advantages of considering a degree apprenticeship, where in some cases salaries outstrip earnings of graduate jobs after five years’.

Meanwhile, top universities are facing a backlash for refusing to bring back full face-to-face teaching in the autumn. 

Most Russell Group institutions plan to continue holding classes online, despite restrictions lifting.

Last week it was reported record-breaking grade inflation could lead to almost half of A-level pupils being awarded at least two A grades next week.

Sources close to Gavin Williamson, the Education Secretary, told The Telegraph he ‘couldn’t agree more’ with Sir Peter. 

A record 44 per cent of 18-year-olds in England applied to university this year, a 10 per cent rise on last year (stock image)

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