How to avoid Student Loan Debt in the UK

How to avoid Student Loan Debt in the UK

As your children approach University age, it is important to know the options available to them. Average student loan debt in the UK is more than £30,000 for a degree programme. Your child does not need to accumulate such debt. I will show you how.

A lot of times when God wants to teach you something, he lets you experience it firsthand. I went back to UK University at age 30 as an undergraduate. In my class, I had a lot of people around the age of 20. So I asked questions and they showed me in detail what “degree apprenticeship” is. I went to research.

 

There are hundreds of thousands of degree apprenticeships every year in different career paths. Accounting, Tech, Engineering, etc. Most major companies have apprenticeship programmes.

Once your child applies with their GCSE, A levels, and other equivalent qualifications, and they get in, they would generally attend University one day a week, and work in the office or site 4 days a week.

The company will pay for their education, and still pay them monthly salary for their work. Imagine they get into an apprenticeship at 18. By the time they are 23, they already have 5 years of work experience and a degree.

How to avoid Student Loan Debt in the UK
How to avoid Student Loan Debt in the UK

A director of an electrical company was telling me he prefers an apprentice to a fresh graduate because the apprentice already had a couple of years of on-the-job experience.

Please have a career catchup with the children and give them options.

 

Toyyib Adewale Adelodun

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