Monday, 16 March 2020

Going to university is still financially worth it ... for some

The Institute of Fiscal Studies has calculated that most students still financially benefit from going to university but 20% are worse off after paying for courses. Over their working lives, male graduates, on average, gain by £130,000 and female graduates by £100,000. The study shows wide variations between different subjects. For women, the financial gains of studying creative arts and languages are ‘close to zero’ Medicine will bring an extra £340,000 for women, economics £270,000 and £260,000 for Law. Men studying creative arts subjects are projected to lose £100,000, compared to their counterparts who did not go to university. For men in the top-earning subject areas of Medicine and Economics, the likely gain is £500,000. For both men and women there are low financial returns for graduates in English and Biology

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