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If I was looking at University now... my chosen course being 7 years instead of 3 (Architecture),
It's 5 years full-time study and if you have any sense you take a year or two out to work and earn money between years 3 and 4. Graduate salaries are around 21k, a bit more in London.
An average salary for an Architect is ~77k, which isn't bad -
Lol. Where'd you find that? This year's surveys show average (median) salary of £38.5k nationally - £42k in London, £36k non-London. Most places you'd need to be a partner/director to be earning that kind of money.
It's a negative in terms of perception of what a University education is for, in that it encourages students to believe themselves customers who are investing in themselves in order to make more money than if they did not go. University should be about an education - not about a future financial transaction.
If I was looking at University now I would assume that I'd be balancing the average student debt of 50k against my chosen course being 7 years instead of 3 (Architecture), and therefore a total debt load of 100k before I started working properly. An average salary for an Architect is ~77k, which isn't bad - but that's a lot of debt to shoulder and a significant tax burden to pay it back.
Contrast that with Fine Art BA then MA - same debt load, unsure what the salary/earning potential would be.