The latest British Social Attitudes (BSA) survey reveals that the proportion of people who believe a degree is not worth the time and money has risen from 14% in 2005 to 34% in 2025. Correspondingly, the share who think graduates end up financially better off has fallen from 50% to 36%.
The shift reflects growing disillusionment, particularly among younger graduates who have experienced the tuition fee system. Since fees were introduced at £1,000 per year in 1998, English students now pay up to £9,535 annually, plus living costs. Student loan repayment thresholds have been frozen multiple times, and above-inflation interest rates have added to concerns about debt burdens.
Vivienne Stern, chief executive of Universities UK, acknowledged a challenging labour market but emphasised that graduates are still more likely to be employed, earn more, and enjoy better health. Nick Hillman of the Higher Education Policy Institute noted that while university still benefits most graduates, a lack of economic growth means rewards are not always as great as hoped.
Alex Stanley, vice-president for higher education at the National Union of Students, said he valued his university experience but criticised the funding system. He described having to work three jobs alongside his studies and accumulating over £50,000 in debt that grows despite repayments. He called for a system that allows students to expand their horizons without financial strain.
Alex Scholes, co-author of the BSA report, warned that falling public confidence could worsen the financial pressures on universities. He noted that debates about student loan fairness and AI's impact on the job market have influenced perceptions of a degree's value.
