At long last somebody in parliament has the nous to speak out.
Robert Halfon, the chairman of the Education Select Committee, tells us that between a fifth and a third of graduates take non-graduate jobs so do not, and never will, get the supposed graduate premium falsely promised to them by schools, FE colleges and Universities. That is something between 120,000 to 190,000 students each year who run up massive debts on literally worthless qualifications.
He also says that the premiums between degrees vary wildly. Incredible! So someone with a 2:1 in a STEM subject is likely to get a more secure and better paid job than someone with a 2:1 in The History of Watercolour in the Modernist era. What a surprise or perhaps not.
He also suggests that universities which do not provide a good return for graduates on academic courses could reinvent themselves as "centres of technical excellence". In other words they could go back to doing something they were good at when they were known as polytechnics, tech colleges or plain old colleges.
The country is crying out for the skills once found at OND/BTEC/City and Guilds level yet those with the aptitude to succeed in them find courses are few and far between... so they go to Uni. Unfortunately it is going to need a whole culture change in education and in the young themselves for anything positive to happen.