Graduates back home and in debt

Submitted by Matthew on 31 August, 2016 - 11:18 Author: Colin Foster

47% of 2015 graduates were, by February-March 2016, back living with their parents. A survey by the National Union of Students of the first generation of students to pay £9,000 fees showed that only 52% were in full-time jobs. Of those who had jobs, full or part time, only 58% were on permanent contracts. 3% were working as unpaid interns or volunteers.

Students in medicine and education almost all had jobs, but among creative-arts graduates, only 42% had full-time jobs. Three times as many full-time working men as women graduates were earning over £30,000 and twice as many women as men were earning less than £15,000. 52% of all graduates, and 63% of arts graduates, thought their degree not worth the fees they paid.

And yet the relative economic advantage from having a degree remains large. A survey of those of the same age who didn’t get to university would show worse results. The cuts since 2010 have hit younger people much worse than older, probably in large part because older people are still more politically mobilised and likely to vote than younger.

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