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Nicola Woolcock, Education Correspondent
Families should pay into a national savings scheme to meet the cost of putting their child through university, leading employers say today.
Tuition fees need to rise and parents should be encouraged to contribute to a scheme set up with banks and promoted by the Government, according to the Association of Graduate Recruiters.
It also says the next Government must scrap the “artificial” target of getting half of young people into university.
The AGR represents 750 of the biggest firms including Boots, the Bank of England, Goldman Sachs, Shell and GlaxoSmithKline, who collectively recruit about 30,000 graduates a year.
In a manifesto published today -Talent, Opportunity, Prosperity – it said a phased increase in tuition fees should start immediately.
The current review of tuition fees is expected to conclude after the general election.
Carl Gilleard, chief executive of AGR said: “When the class of 2010 enters the job market they will find a landscape scarcely recognisable to their parents. The concept of ‘cradle to grave’ employment is ancient history and the young people graduating this year will have many jobs, and sometimes even several careers, before they end their working life aged about 70.
Labour’s obsession with pushing 50 per cent of under-30s into higher education has devalued degrees and driven down standards, it claims... Continue reading
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