Universities have been accused of continuing to offer “Mickey Mouse” degrees in subjects that will see students earn less than their non-graduate peers, despite Government scrutiny.
The Taxpayers’ Alliance has found 10 examples of undergraduate degrees in subjects such as “wildlife media” and “tourism studies” which analysis shows expected earnings five years after graduation will be below average earnings of £26,000 for non-graduates in England.
The obvious method is by price. People tend – tend, it’s not an absolute – to not do things which make them worse off, to do things which make them better off. The current system says that if your degree makes you spit then you don’t have to pay back the fees – loans are only repaid if you’re on median earnings or about.
So, change this system.
If we actually want the kiddies to study degrees which make society as a whole better off – ie, not waste resources on these M. Mus things – then we should invert that repayment system. Those who do grievance studies repay their entire costs, plus healthy interest. Those who do finance and go into high paying jobs get their loans written off.
The lower your post-graduation earnings the more you get charged for having wasted the peoples’ time and money.