State 'gains 10 times what it pays for students'

[Darwinsbulldog]

[Lazy student bastards! ]

UK graduates contribute to the economy almost 10 times what it costs the state to educate them to degree level, research suggests.
An IPPR think tank and UCU academics union report suggests graduates bring in £180,000 more than those with A-levels over their working life.
An average degree costs the state just under £18,800 per student.
It warns that reforms leading to fewer graduates will limit the UK's ability to compete globally.
The study, Further, Higher? Tertiary Education and Growth in the UK's New Economy, is published as the University and College Union meets for its annual congress in Manchester.
It notes that in 2000 the UK had the third highest number of graduates among advanced industrialised nations.
Jerry Hardcastle, Nissan, on mechanical engineering graduates
By 2008 it had fallen to fifteenth because competitor nations had been investing at a faster rate, the report says.
It gives the example of China which quadrupled its number of graduates between 1999 and 2005 and is expected to become the world's largest producer of PhD scientists and engineers.
And India is planning 800 new higher education institutions by 2020, the report adds.
At the same time, it notes: "Recent research has suggested that the number of students graduating in the UK is likely to fall further following tighter restrictions on student numbers, with 15,000 fewer higher education places in September 2012 compared with the previous year and around 25,000 fewer places in English universities."
It adds: "Recent UK reforms to the higher education system have led to reductions in courses available in key areas such as science, technology, engineering and mathematics (STEM) skills.
"A recent study found that the provision of single subject STEM courses has gone down by 15% over the past six years in England. This is concerning."
The report quotes car manufacturer Nissan's head of design and development Jerry Hardcastle, who issues a stark warning about the UK's economic future.

More:-
http://www.bbc.co.uk/news/education-18353539