High education is over rated. Particularly university degrees which may have little chance of leading to employment such as the Bachelor of Arts basically a course which people do to waste time and party for three years.
The only university courses that guarantee employment are Medicine, Teaching and Nursing. Fields where there are nationwide shortages. The other fields employment rates are extremely volatile and completing the degrees in that field may not guarantee you a job no matter how high your scored in your course, *coughs* IT *cough*. IT has a drastic reduction since the 2001 dot com bubble burst. Too many IT graduates are being churned out and there is just not enough jobs to going around in those fields.
The rising costs of education, living costs are making university education aimed towards the rich kids who have parents who pay their tuition fees up front. Poor kids have to take on debt, take a gap year to save up after finishing high school, work full time while studying full time just say they can get by and finish their degrees.
HECS debts can take years to pay off and in some cases they may never be paid off. The teaching and standards at university in Australia in some courses has fallen over the years due to the cut in government funding.
TAFE education is in my opinion just as valuable as a university degree and can lead to employment with more hands on - practical work experience. An apprenticeship is a great stepping stone for a young person to take on and can lead to high financial rewards in the future. TAFE is considerably cheaper than university HECS debt and does not leave a person in huge debt upon completion of their course.
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