Did you retire early before kids went to Uni? How expensive was it?

westv

I've heard that Dyson jobs suck.


   

pensionpawn

westv said:

I've heard that Dyson jobs suck.


   

Do you know of a company that hasn't been accused so?
If you follow the link you'll see that there's no fiscal retainer related to their degree so graduates are free to go elsewhere. They must be confident that they'll stay.
Returning to the original post, does anyone know of similar degree apprenticeships, maybe for different career paths than engineering?
There are also the new T levels for those who wish to achieve a more 'hands on' level 3 qualification (with work placements) which should hopefully lead to a permanent job at 18 (and without all the costs of university). Yes, a degree leads to more earnings over a whole working life, however only from a career that actually requires degree level ability / knowledge.
You have to ask yourself the question what is a degree worth as more as more adults achieve them? When recruiting an employer filters initial applications via a quick glance at a c.v. and it is at this point that a new graduate finds out, far too late, that they've been sold a pup.

cfw1994

pensionpawn said:

westv said:

I've heard that Dyson jobs suck.
   

Do you know of a company that hasn't been accused so?
If you follow the link you'll see that there's no fiscal retainer related to their degree so graduates are free to go elsewhere. They must be confident that they'll stay.
Returning to the original post, does anyone know of similar degree apprenticeships, maybe for different career paths than engineering?
There are also the new T levels for those who wish to achieve a more 'hands on' level 3 qualification (with work placements) which should hopefully lead to a permanent job at 18 (and without all the costs of university). Yes, a degree leads to more earnings over a whole working life, however only from a career that actually requires degree level ability / knowledge.
You have to ask yourself the question what is a degree worth as more as more adults achieve them? When recruiting an employer filters initial applications via a quick glance at a c.v. and it is at this point that a new graduate finds out, far too late, that they've been sold a pup.

Is that the woooshing sound I hear.... as westv's pun flew overhead?
!!

pete1975

pensionpawn said:

pete1975 said:

interesting thread and my eldest is due to got to uni and im in panic mode as ive been trying to pay more into my pension, my wife doesnt work, i was never clever enough for for degree, my wife has done one and had a student loan but im starting to worry now how im gong to afford.  I have another 2 daughters of 16 and 14 that also want to go to uni

You don't need to go to university to have a successful career. Before Blair corrupted education university only offered undergraduate courses that were essential for certain careers: science, engineering, medicine etc or provided research facilities to learn more about the world around us. Universities now make money by offering degrees in areas that was previously 'on the job' training.
My eldest two have good A levels including maths and science and started careers at 18 and own their own homes at 23. My advice to my children, and my students, is to know what career you want and then identify the education required to achieve it. Not the other way around.

you dont i completely agree with this, but It took me many years to work my way up to manager level and working for a corporate comapany seeing the youngsters start after uni with the wages they are on.. well it makes me think 

pensionpawn

cfw1994 said:

pensionpawn said:

westv said:

I've heard that Dyson jobs suck.
   

Do you know of a company that hasn't been accused so?
If you follow the link you'll see that there's no fiscal retainer related to their degree so graduates are free to go elsewhere. They must be confident that they'll stay.
Returning to the original post, does anyone know of similar degree apprenticeships, maybe for different career paths than engineering?
There are also the new T levels for those who wish to achieve a more 'hands on' level 3 qualification (with work placements) which should hopefully lead to a permanent job at 18 (and without all the costs of university). Yes, a degree leads to more earnings over a whole working life, however only from a career that actually requires degree level ability / knowledge.
You have to ask yourself the question what is a degree worth as more as more adults achieve them? When recruiting an employer filters initial applications via a quick glance at a c.v. and it is at this point that a new graduate finds out, far too late, that they've been sold a pup.

Is that the woooshing sound I hear.... as westv's pun flew overhead?
!!

Lol, I wouldn't have spotted that if it wasn't for you post 

AlanP_2

When the Uni numbers were expanded under Blair all the company I worked for did was up the minimum degree level they were looking for in new recruits so maintaining there "fishing in a smal pond" approach. They had always limited which Unis they would even consider as suitable.

It was a small tech company in Cambridge and to not have a 1st from Oxbridge / UCL or similar (on a global basis) was unusual, I was one of about 3% that didn't have a degree at all and had joined them based on experience for specific roles. Not sure it was a great approach to be honest, lots of "group think" as all approached problems in the same way at times.

Ibrahim5

There is a sort of money back guarantee though isn't there? If you go to university and don't get a job paying a 'graduate' salary then you don't pay anything back. The ones that do really well pay wise will pay it all back and more.

Newnoel

pensionpawn said:

Here's a good idea. Create your own university to educate young adults for careers in fields where there are a shortage of skills and expertise.

"Our Undergraduate Engineers work alongside the Dyson Technology Global Engineering team from day one. They contribute to live projects, while studying for their BEng (Hons) Engineering degree apprenticeship.

With a competitive salary and no tuition fees to pay, they can graduate debt-free."

I don't work for Dyson however if you want an debt free education, with a job once you graduate then here's an opportunity!

https://www.dysoninstitute.com/

Good point
Plenty of progressive employers now targetting school-leavers and offering to pay their university tuition:
BrightStart Apprenticeship | Student Careers | Deloitte UK
IBM Careers - School Leaver - United Kingdom

As an employer, I would far prefer someone who had come up through this system rather than another entitled twenty-something with an "Arts degree" from some former Poly.

DHT

jamesmorgan said:

I think the current threshold is £25K taxable income.  Tax benefits and child benefit are not taxable so are ignored.  In fact, a good way to get below the threshold is to pay more into your pension - not only does this reduce your taxable income but also increases tax credits.

This link provides some further info that you may find useful..

https://www.savethestudent.org/student-finance/parents-guide-tips-university.html

Apology for asking a very basic question if anyone could kindly clarify....

The parental contribution calculation says: Parents Income - Pre-tax income, after pension contributions

Is this for Gross pension contributions or Net pension contributions??   If we can deduct Gross, it would be a huge boost for DS.

Thank you!

zagfles

DHT said:

jamesmorgan said:

I think the current threshold is £25K taxable income.  Tax benefits and child benefit are not taxable so are ignored.  In fact, a good way to get below the threshold is to pay more into your pension - not only does this reduce your taxable income but also increases tax credits.

This link provides some further info that you may find useful..

https://www.savethestudent.org/student-finance/parents-guide-tips-university.html

Apology for asking a very basic question if anyone could kindly clarify....

The parental contribution calculation says: Parents Income - Pre-tax income, after pension contributions

Is this for Gross pension contributions or Net pension contributions??   If we can deduct Gross, it would be a huge boost for DS.

Thank you!

Gross pension contributions.