I realise this blog has been a little late coming but I have been ill recently so I’ve playing catch up on everything. I’ve had some good news in that my application has been accepted to study for a Masters Degree in philosophy and economics. For me, choosing to apply for a Masters Degree was a much harder decision than choosing to go to University in the first place. At that point it feels like going to University is the normal thing to do and the debt is less worrying as everyone you will come to know will be in a similar situation. By choosing to do another year of education and take on that extra little bit of debt it brought up a lot more worries about whether it would be worth it or whether it would put me at a disadvantage later.
One of the biggest concerns is how to fund an extra year at University. The main way would be to apply for as much funding as possible or to look for any scholarships that are applicable to you; one of the better options is to continue at the same University as they often offer discounts to their undergraduates. This is not always possible, in my case Lancaster University does not offer the specific Masters Degree I wanted so I will have to move. The next step is to find a part-time job to fit around your studies or to take a gap year to make up some of the funding before you start. Fortunately Masters Degrees (at least the ones I have been looking at) tend to be cheaper than a year studying an Undergraduate Degree and recent changes have meant that an extra loan is available to students hoping to go on to postgraduate study.
The other question is whether you truly want to carry on in education or not. It can be hard to decipher between wanting to actually study more and being too uncertain to come out of education. After three years in the student life bubble one of the most terrifying things is it ending and suddenly feeling the need to be a responsible proper adult, even though you don’t really have to. You also may have still not really decided what you want to do but instead of investing that much more into education it makes more sense to go out and trial different jobs until you find something you do like. I decided that what I really loved doing was my degree and so I knew if I didn’t continue to study it then it would be something I would slowly become out of touch with.
I guess the point is that studying for another year shouldn’t be the default option if you’re uncertain. It is a risk financially and if you love the subject then it matters less if the risk doesn’t pay off, if you were only uncertain then that risk matters a lot more.