Thousands of youths were full of nerves, delight and tears this morning as the A Level results were issued across the United Kingdom.
Today is a momentous day for many young adults as they embark on a new chapter of their lives.
Many plan on going to university, but others have admitted the costly fees may prevent them from pursuing the next step in their education.
In a survey conducted by Ipsos MORI, 75 percent of 11-16 year-olds believed higher education was important if you wanted to succeed in life.
However, nearly half of the youths involved in the study admitted that they are concerned about the cost of going to university.
Youths hoping to do an undergraduate degree can look at forking out up to £9,250 per year. The average student will spend three years in university meaning they could spend a whopping £27,000 on tuition fees alone.
This figure doesn’t even cover transport costs, rent or the price of books and college supplies.
It comes as no surprise to hear future students are worried about the excess costs.
Chairman of the Education Endowment Foundation, Sir Peter Lamplfounder told Sky News: “If they go on to university they incur debts of over £50,000 and will be paying back their loans well into middle age. And in a number of cases they end up with degrees that don't get them into graduate jobs.”
Congratulations to students picking up #alevelresults2018 today. No matter what they are, remember they don't define you. We listen, so you can talk to us today if you're struggling #ALevelresults #resultsday pic.twitter.com/5GJ7VCaujM— Samaritans (@samaritans) August 16, 2018
According to figures released today, there was a two percent drop in the number of students accepting places in university.
The noticeable drop in university acceptances is concerning, but as many people mentioned this morning, there are plenty of other routes youths can take to get to where they want to be.