One in four graduates will lose financially from going to university, IFS estimates
Degrees still mostly boost lifetime pay, thinktank says, but those completing creative qualifications may end up worse offA quarter of UK graduates can expect to be financially worse off after going to university, especially those who take creative or performing arts degrees, according to new estimates by the Institute for Fiscal Studies.The research is based on the pay of students who graduated in the teeth of the global financial crisis in 2008. While the IFS projects that the majority will be
One in four graduates will lose financially from going to university, IFS estimates
Overview
Degrees still mostly boost lifetime pay, thinktank says, but those completing creative qualifications may end up worse off
A quarter of UK graduates can expect to be financially worse off after going to university, especially those who take creative or performing arts degrees, according to new estimates by the Institute for Fiscal Studies.
Details
The research is based on the pay of students who graduated in the teeth of the global financial crisis in 2008. While the IFS projects that the majority will be £100,000 better off in lifetime pay thanks to their degree, about 25% might have done better without entering higher education once their likely pay, student loans and taxes are added up.
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Originally published at www.theguardian.com.
