Student loan repayments 'may not meet government costs'

nickj_2

surely the companies who will benefit from their staff having a degree should bear some of the costs ,so for instance if you study a science and then go and work for a multi billion£ pharmacutical company why shouldn't they cough up some cash for your knowledge

Thrugelmir

Lokolo wrote: »

But not everyone goes to university to get the top paying job. Some people go because its part of the career they want, such as teaching.

Still opens the potential to better than average incomes and a progressive career.

CLAPTON

nickj wrote: »

surely the companies who will benefit from their staff having a degree should bear some of the costs ,so for instance if you study a science and then go and work for a multi billion£ pharmacutical company why shouldn't they cough up some cash for your knowledge

they do
it's got a special name called salary

grizzly1911

Thrugelmir wrote: »

Still opens the potential to better than average incomes and a progressive career.

Only because of want, by employers, not need.

Also says something about income distribution.

grizzly1911

michaels wrote: »

Although it seem slike a real dogs dinner what we have now is a graduate tax but capped so that the total amount payable is not hugely more than the actual cost of the education received (which seems fair to me, otherwsie those with the best prospects would be better off opting out and borrowing the money commercially/BOMAD) and thos egraduates who never earn a lot end up with the debt written off - so fair and progressive, it just appears to be a dogs dinner....

Of course the proportion of th epopulation who should be going through higher education, that is another question, any suggestions on what the best way to ration this to the level that makes economic sense? IN the US where it is strictly privately funded there is much more innovation in terms of course length, part time courses etc. I don't see why we can't have 12/18 month nursing fouundation or accounting technician courses that would give entry to certain jobs without requiring a full 3/4 year degree.

If it was a a straight tax there would be no debt to write off for the poorly paid or part time non degree relevant jobs . If they want to do degree, for the sake of it, the I don't see why a proportional contribution shouldn't be made from taxable income.

If "self" funded then no reason a lower additional tax rate couldn't be applied.

I was chatting to accountant friend who told me they are introducing some form of non degree training route, that is still relativel fast track, to full qualification. Presumably the firm or individual will have to pay the additional training cost of above current qualifying cost.

Many Supplementary Medical Professions were via on the job diplomas in the past rather than degree.

nickj_2

CLAPTON wrote: »

they do
it's got a special name called salary

i think you'll find that is coming from the employee, not the company , if they are making huge profits why shouldn't they cough up

CLAPTON

nickj wrote: »

i think you'll find that is coming from the employee, not the company , if they are making huge profits why shouldn't they cough up

no, salary is paid by the employer

Carl31

Are graduates still considered a worthwhile investment these days? I can't say I have employed anyone based on their university grades, but then I look for professional quals

Most graduates I have worked with seem to have irrelevant degrees to their chosen career. I find it a bit backward getting qualified for a career when you have never experienced work anyway

Thrugelmir

grizzly1911 wrote: »

I was chatting to accountant friend who told me they are introducing some form of non degree training route, that is still relativel fast track, to full qualification. Presumably the firm or individual will have to pay the additional training cost of above current qualifying cost.

Same as the old days. When many people couldn't afford to go to University. Legal and Accountancy professions used to offer positions as Articled Clerks. My Grandmother did an evening cleaning job to pay for my late father to train as a Chartered Accountant.

Carl31

grizzly1911 wrote: »

If it was a a straight tax there would be no debt to write off for the poorly paid or part time non degree relevant jobs . If they want to do degree, for the sake of it, the I don't see why a proportional contribution shouldn't be made from taxable income.

If "self" funded then no reason a lower additional tax rate couldn't be applied.

I was chatting to accountant friend who told me they are introducing some form of non degree training route, that is still relativel fast track, to full qualification. Presumably the firm or individual will have to pay the additional training cost of above current qualifying cost.

Many Supplementary Medical Professions were via on the job diplomas in the past rather than degree.

The main accountancy bodies have always offered this, as a mature student I think you only need GCSE level to start study. A relevant degree will get you some exemptions from some exams. I did my accountancy study alongside a full time job. Best method in my opinion