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Panagiotis Arsenis, Senior Lecturer in Economics, University of Surrey

University is expensive – how a mid-course work placement can help with costs and careers

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Students are struggling financially. A 2022 survey from the Office for National Statistics found that half of students in England felt they were facing financial difficulties, and that one-quarter of students had borrowed more to cope with the cost of living crisis. In England, tuition fees for bachelor’s programmes are the highest among OECD countries.

In addition to the financial burden of a degree, students have to deal with stress about getting a job in the competitive labour market and the prospects for their future career. A report on the graduate job market found that in 2022, there were an average of 39 applications for each graduate-level vacancy.

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