Too many young people going to university says educational philanthropist

Peter Lampl, a British educational philanthropist and charity founder, has questioned the value of third level education to many young people. In an interview with the Daily Telegraph, he said the he believes that many students in Britain leave college burdened by debt.

“Too many graduates come out with a lot of debt, the levels of debt are astronomical, and in many cases they come out with skills that the marketplace doesn’t want,” he said.

“The students aren’t going to be able to pay back the debt so that is a big problem.”

Mr Lampl said that a number of students would be better served by doing a degree apprenticeship where “you earn while you learn, you come out with no debt and you come out with skills the marketplace wants”.

The entrepreneur established the Sutton Trust in 1997 to improve social mobility in the UK.