University was
once a solid investment that had a strong guarantee of leading to better
outcomes in life. But this is no longer the case as degrees become more and
more common, and less and less useful, and therefore cheapened. And what is worse more and more junk
degrees are being offered all the time. But changes may be
on the way:
“English universities face fines over dropout and employment
rates
Universities will face sanctions if not enough students go on
to graduate-level jobs within 15 months, if too many drop out or fail to earn
degrees, England’s higher education regulator has warned.
The Office for Students published its new tests of “low
quality” subjects that could see large fines or deregistration imposed on
universities where fewer than 60% of graduates in a university’s subject area fail
to find work, set up their own business or go on to further study after
finishing their course, with allowances made for those with caring
responsibilities or travelling.
Sanctions could also be applied by the OfS against
universities in England where more than one in five full-time undergraduates
drop out, or where more than one in four of those who complete the course
ultimately fail to gain a degree.”
In fact this
is a fantastic idea. Universities have for too long been able to sell products
with few guarantees that in many cases are not worth the paper they are written
on. Keeping universities accountable for the services they offer is a must. University
in its proper place is an important institution in society. Any policy which
reinstates this is a good idea.
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