Student loans and salaries

Thomas_Holding

As most people know students only pay back their loan when they earn a certain amount.
In theory it should be possible therefore to see what courses are a good investment, as presumably the Government records a) who has studied what 
b) what each person has paid back
Is this information available to look for? 

MattMattMattUK

Thomas_Holding said:

As most people know students only pay back their loan when they earn a certain amount.
In theory it should be possible therefore to see what courses are a good investment, as presumably the Government records a) who has studied what 
b) what each person has paid back
Is this information available to look for? 

No, it is not published or available. However the simplest thing to do is to look at high paying professions and choose courses which grant entry to those professions. Medicine is a fairly sure bet, but is a lot more expensive, electrical engineering, coding and law are also generally good bets, but anything that leads to a profession rather than just a random and relatively pointless qualification. 

SiliconChip

https://www.thecompleteuniversityguide.co.uk/student-advice/careers/highest-paying-degrees

Is just one example, a search will find many others but you can do that yourself rather than waste my time.

BikingBud

Perhaps the OP is considering this from another angle, trying to understand what degrees are good value for the taxpayer in terms of those that provide a return of the loan and a lifelong earning stream above the median wage. Core future taxpayers.

As opposed to those that are not really necessary and add little if any value to the employability or suitability of the student, they end in low paid jobs below the payment threshold and have in fact squandered tax payers money and likely also added to family debt in other areas as well. 

Should be something that is in the public domain, might be worth an FOI request.

Thomas_Holding

SiliconChip said:

https://www.thecompleteuniversityguide.co.uk/student-advice/careers/highest-paying-degrees

Is just one example, a search will find many others but you can do that yourself rather than waste my time.

That however refers to 
https://www.hesa.ac.uk/news/20-07-2021/sb260-higher-education-graduate-outcomes-statistics

Which says

"

• There were 380,970 graduates who responded to the 2018/19 Graduate Outcomes survey from the target population of 793,445, a rate of 48% complete responses. When including graduates who partially completed the survey, this response rate rises to 52%, increasing the number of usable responses to 409,380.

"

That is not as good as what I want would have been.

BikingBud said:

Perhaps the OP is considering this from another angle, trying to understand what degrees are good value for the taxpayer in terms of those that provide a return of the loan and a lifelong earning stream above the median wage. Core future taxpayers.

As opposed to those that are not really necessary and add little if any value to the employability or suitability of the student, they end in low paid jobs below the payment threshold and have in fact squandered tax payers money and likely also added to family debt in other areas as well. 

Should be something that is in the public domain, might be worth an FOI request.

I might try that.

MattMattMattUK said:

Thomas_Holding said:

As most people know students only pay back their loan when they earn a certain amount.
In theory it should be possible therefore to see what courses are a good investment, as presumably the Government records a) who has studied what 
b) what each person has paid back
Is this information available to look for? 

No, it is not published or available. However the simplest thing to do is to look at high paying professions and choose courses which grant entry to those professions. Medicine is a fairly sure bet, but is a lot more expensive, electrical engineering, coding and law are also generally good bets, but anything that leads to a profession rather than just a random and relatively pointless qualification. 

True but it would be nice to know if all computer science degrees for example are of equal value.