World News14 Mars 2020

University is a Bad Deal for One in Five Students

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Welcome to the World news. World news keeps you updated news around the nations.

Today's topic is "University is a Bad Deal for One in Five Students"

A study in England by the Institute for Fiscal Studies has found that 20% of those who went to university would have more money if they hadn't, once things like taxes and the costs of studying were considered.

The study compared those who went to university with those who had similar grades in high school but chose not to go. On average, it found that those who went to university do earn about 20% more in their life than those who didn't. That's about $165,000 more for men and about $127,000 more for women.

However, the subject they study affects how much they earn. So much so, that for some subjects, a university degree can earn a person less over their life than what it cost them to get it.

Women who study creative arts and languages were a little better off compared to those who didn't go to university. But if women study law, economics or medicine, they could make almost $320,000 more. Men who study creative arts actually lose money compared to those who don't go to university but can make more than $600,000 extra if they study medicine or economics.

However, Jo Grady, general secretary of the University and College Union says that just looking at income doesn't consider the other benefits that students and society get from people getting a university education.

Michelle Donelan, the UK universities minister agrees and told the Guardian that universities also offer "experiences and friendships".

#WorldNews #AudioNews #University

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