Here are some key points worth noting around the cost of a poor decision;
- Dropout rate in 3rd level is 17% in first year across our seven universities.
- More alarmingly the figure for I.T.’s is 42%.
- A recent study as to ‘Why Students Leave’ 3rd level education in Ireland (by Niamh Moore-Cherry, Elaine Burroughs and Suzanne Quin), have identified 5 core themes – course, personal, financial, medical and health. Course having the strongest influence.
- Cost of going to college is quoted as approximately €5000 per student if they stay at home, and approximately €10,000 if away from home per annum. The Student Contribution being the dominant expense and has risen to €3000 for 2015/16. This averages out €450 to €1000 per month.
- Tuition fees are covered, once you meet the criteria, and once you undertake a full-time undergraduate course and progress. If you have to repeat first year or any other year due to failing exam(s) or changing course ( certified serious illness maybe waived) you have the added cost of tuition fees. This can be anything up to €9,000 depending on the course and what has to be repeated.
- Grinds are an investment students make to help towards improving their grades; costs vary averaging €20/€30. You could spend €500+ per subject and yet this is only to improve your points to maximise your options. This investment is limited without adequate consideration into how to put those hard earned points to best use.
- There are other costs to consider if you make a poor career decision such as the emotional costs. If you pick a course you do not like, you are less likely to study, your grades will be sub-standard and you may fail. Failure leads to a sense of feeling lost, mismatched, and not fulfilling your potential. This could influence your mental health, your relationships and future decisions.
Investing in Synergy Careers Service will help maximise your chance of finding the best-fit course/career for you.
The knock–on effect will be
Greater motivation to engage with your choice, easier when you’re following the right path.
Maximising your exam success
Be attractive to employers.