Gen Z graduate with $50,000 HECS debt reveals degree she regrets: 'One interview'

Aleshya
24-year-old Aleshya said she regrets going to university and didn't get much value from her course. · Source: TikTok/Supplied

A young Aussie has revealed her regrets about going to university as she's found her degree “collecting dust” while she struggles to get a job. Many young Aussies have been questioning their decisions to pursue tertiary education due to their huge HECS debts and the difficulty in finding full-time work after graduating.

Aleshya graduated from UniSA in 2023 with a Bachelor of Design and $50,000 worth of HECS debt, after previously studying engineering for two years. The 24-year-old told Yahoo Finance she took a gap year after graduating and was now applying for graduate and design jobs with no luck.

“I mostly have been ghosted. I did have one phone interview for a retail store. I had an offer to do an interview as a graphic designer for a marketing agency but it ended up not being for me,” she said.

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Aleshya, who has applied for 30 jobs this year, said it was a “difficult” time for young people to find work, even if they had university degrees.

“I’m from Adelaide and there’s an even smaller amount of opportunities. In regards to grad programs, I know they are highly competitive,” she said.

“Sometimes the job would be junior but then they would want a couple of years of experience.”

Aleshya
Aleshya said she has been applying for grad and entry-level jobs but is being "ghosted" or rejected. · Source: Supplied

Aleshya currently works two jobs, one in hospitality and one in retail, which she admitted wasn't the position she thought she'd be in after graduating.

“Going in, I thought, look, I’ll work my minimum wage retail hospitality jobs and then after uni, I’ll be making a big girl salary,” she said.

“But so far, I'm still working the same hospo and retail jobs at 24 years old.”

‘Pivotal shift' in hiring landscape

New research by job site Indeed found the majority of job seekers (67 per cent) and employers (55 per cent) now believed that on-the-job experience was more attractive than university degrees when it came to hiring.

Indeed career expert Sally McKibbin said the research highlighted a “pivotal shift” in the hiring landscape.

“Employers are increasingly of the view that on-the-job experience has the potential to speak louder than a formal qualification,” she said.

“Higher education is of course still incredibly valuable and also valued, but Australia’s job market is evolving and therefore so too is our approach to hiring.”

While design can be a hard industry to crack into, the jobs market is tight across the board right now making it harder for jobseekers, particularly those with less experience and skills to leverage.