Education is a long-term investment for the individual and for society as a whole. This is evident from the statistics shown below about the increase in number of studentsâ€™ applications by about 8% than the previous year for higher studies in the UK universities. People are using academia to escape the recession and be better qualified by the time the jobs market picks up again
|Category||%age increase in no. of application|
|Over 24s age group||
|20 to 24s age group||
There are also signs that the recession is affecting people’s choice of degree, breeding a new generation of economists and mathematicians.
|Subjects||%age increase in no. of application|
There were modest rises in business degree applicants.
Source: University application service (UCAS)