One in five students would be financially better off if they skipped higher education, according to groundbreaking research that compares the lifetime earnings of graduates and non-graduates.
Analysis by the Institute for Fiscal Studies found while 80% of former students gained financially from attending university, about 20% earned less than those with similar school results who did not attend, highlighting how some subjects, such as creative arts, offer negative financial returns.
The IFS research – which uses tax data to measure the earnings of those who went to university from the mid-90s onwards – found that after accounting for taxes and student loans, men gained on average £130,000 and women £100,000 over their careers, compared with their peers who didn’t enter higher education.
Read the full article from The Guardian.
Image by lannyboy89 from Pixabay
