CMI comments on drop in UCAS university applications
Petra Wilton, Director of Strategy and External Affairs at the Chartered Management Institute, commented:
There are a number of factors that could be fuelling the drop in university applicants, with the colossal amount of debt that graduates now amass perhaps the most compelling explanation. With the UK’s long-standing skills shortage persisting and youth unemployment continually above the national average, it could be a major blow to the economy if rising costs result in more talented young people giving up on routes into higher education entirely.
This is why it’s so important that A-level students and their parents are made aware of the professional opportunities and benefits offered by degree apprenticeships. These new programmes allow students to learn while they earn, gaining both a degree and Chartered status, and all without facing the burden of university fees. Apprenticeships are a proven route of helping plug the skills gap so these new degree apprenticeship finally offer the prospect of building a talent pipeline that will ensure the economic prosperity and social well-being of the UK in years to come.
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