Nearly half of recent graduates were not working in graduate roles in 2017, the Commons education committee says. Its chairman Robert Halfon also highlights the excessive pay of some university vice-chancellors, saying that is not value for money. The BBC reports.
The Augur Review, which is due to report early next year, is looking at the system under which students take out tuition fee loans to fund courses costing £9,000 a year.
But the committee warned that the scope of this review, which has been limited by the government, means there is a risk it “will fail to overhaul the system” in a way that will benefit graduates and students.
Mr Halfon said: “The blunt reality is that too many universities are not providing value for money, and that students are not getting good outcomes from the degrees for which so many of them rack up debt.”
The MPs’ committee report said: “There is still a long way to go before students have access to robust data on graduate employment which will inform their choices.”
And it recommended: “Higher education institutions must be more transparent about the labour market returns of their courses.
“This is not simply a measure of graduate earnings but of appropriate professional graduate-level and skilled employment destinations.”
It should be obligatory for universities to publish this information, it said.
Mr Halfon said: “Too many institutions exist where vice-chancellors and senior management earn excessive amounts that does not represent value for either the student or the taxpayer.”
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