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University is an unwise investment

For many Western teenagers university has long been considered a passport to the good life: a rite of passage consisting of mind-expanding reading and writing or the acquisition of a professional qualification, and meeting like-minded people often over a drink or three – all ending up in a well paid, interesting job and a network of useful contacts. But in these straitened times is the traditional university education really worth the time and money – and the hangovers? More and more young people are attending university in Britain and the US, and ever fewer graduates are finding jobs. Costs…

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