University leavers are increasingly taking low-skilled jobs, according to new research. A study by the Centre for Economics and Business Research found that 6 months after graduation around 40% of 2010’s graduates were “underemployed” in lower-skilled jobs, up from about 30% in 2006. The information casts further doubts over the controversial tripling of tuition fees, which provoked mass demonstrations across the country at the end of last year, as well as a spate of university occupations.
The fees hike was justified on the grounds that a degree is an “investment” in a career, and that the £9,000 per year would only be paid back out of earnings. However, studies have shown that due to interest building up on student debt, students could end up paying back double the headline amount. This could mean students being saddled with mortgage-sized debts of between £60,000 and £80,000 for a typical undergraduate degree.