{"id":313,"date":"2010-12-12T19:47:00","date_gmt":"2010-12-12T19:47:00","guid":{"rendered":"https:\/\/skepticink.com\/believingbullshit\/2010\/12\/12\/you-now-face-a-net-lifetime-financial-loss-if-you-do-an-arts-or-humanities-degree-and-quite-possibly-if-you-do-a-science-degree-too\/"},"modified":"2010-12-12T19:47:00","modified_gmt":"2010-12-12T19:47:00","slug":"you-now-face-a-net-lifetime-financial-loss-if-you-do-an-arts-or-humanities-degree-and-quite-possibly-if-you-do-a-science-degree-too","status":"publish","type":"post","link":"https:\/\/skepticink.com\/believingbullshit\/2010\/12\/12\/you-now-face-a-net-lifetime-financial-loss-if-you-do-an-arts-or-humanities-degree-and-quite-possibly-if-you-do-a-science-degree-too\/","title":{"rendered":"You now face a net lifetime financial loss if you do an arts or humanities degree, and quite possibly if you do a science degree too"},"content":{"rendered":"<p><span style=\"font-style:italic\">&#8220;The Research Report: The economic benefits of a degree published by Universities UK in February 2007, reports the average lifetime earnings of a graduate as \u00a3160,000 more than those of a non-graduate with two A-levels. Within this average there is a range from \u00a3340,315 for medical and dental graduates to \u00a351,549 for a humanities degree and \u00a334,949 for an arts degree.&#8221;<\/span><\/p>\n<p>Doing a degree in humanities or arts now involves <span style=\"font-style:italic\">a net lifetime financial loss<\/span>, assuming students graduate with fees\/costs of \u00a330,000 and interest to be added over decades. But of course, the actual fee+cost will be rather more than that. So why bother?<\/p>\n<p>Of course, if people do science degrees <span style=\"font-style:italic\">instead<\/span>, that won&#8217;t increase the pool of science jobs, so the same number will now be taking those poorer paid non-science grad jobs previously taken by arts and humanities grads (but with their more expensive and largely irrelevant science degrees).<\/p>\n<p>Society needs people to do those graduate jobs. But it seems <span style=\"font-style:italic\">we now want them to pay for their own university education at a cost greater over their lifetime than they&#8217;ll gain  by doing those grad jobs rather than non-grad jobs.<\/span><\/p>\n<p>[[P.S. actually I exaggerate as those who earn less will never pay full amount back and it is written off after 30 years.]]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;The Research Report: The economic benefits of a degree published by Universities UK in February 2007, reports the average lifetime earnings of a graduate as \u00a3160,000 more than those of a non-graduate with two A-levels. Within this average there is a range from \u00a3340,315 for medical and dental graduates to \u00a351,549 for a humanities degree [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-313","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/skepticink.com\/believingbullshit\/wp-json\/wp\/v2\/posts\/313","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/skepticink.com\/believingbullshit\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/skepticink.com\/believingbullshit\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/skepticink.com\/believingbullshit\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/skepticink.com\/believingbullshit\/wp-json\/wp\/v2\/comments?post=313"}],"version-history":[{"count":0,"href":"https:\/\/skepticink.com\/believingbullshit\/wp-json\/wp\/v2\/posts\/313\/revisions"}],"wp:attachment":[{"href":"https:\/\/skepticink.com\/believingbullshit\/wp-json\/wp\/v2\/media?parent=313"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/skepticink.com\/believingbullshit\/wp-json\/wp\/v2\/categories?post=313"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/skepticink.com\/believingbullshit\/wp-json\/wp\/v2\/tags?post=313"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}