“A highly qualified workforce can benefit the economy and society generally, energising businesses and driving innovation”
The argument is strong in context of funding a Masters degree. The fact that funding for further education after a completed bachelor is as hard to acquire as finding gold on the streets of London is troubling and most certainly limiting for UK students. Should the procurement of education and knowledge be based on your family’s economic standpoint?
In a society where now a bachelor degree is common among young men and women, the competition for jobs has become severely harder. Gaining a masters degree and/or a PhD can help you get a job and even your dream job in a time where the economy is weaker and jobs are sparse for newly educated people. The divide between students with money and the ones without may create a further social and economic divide between people including class, ethnicity, gender and culture. Financial trouble can prevent important and excellent minds of young students to miss the opportunity to shine and actually contribute to society in general. As university fees are rising, the situation gets even worse.
Not only students are losers in this situation, but equally the society as a whole and the future for all of us.