At Home: Students Seeking Bankruptcy Advice
The CIBC has found that nearly half of all students worry about being able to cover both loans and living expenses, and a Calgary bankruptcy advisor is seeing more students coming to his office because of high levels of debt, according to a recent article on CBC. With over 36% of students expecting to graduate owing over $25,000.00, their ability to drive the economy forward will be severely compromised.
Around the Globe: Degree Creep a Reality in the UK
A recent study done in the UK has found that over 58.8% of university graduates are in jobs that do not require graduate level skills. The chief executive of the Chartered Institute of Personnel and Development (CIPD), Peter Cheese, stated in an article on the BBC that this should be “a wake-up call,” and that “the assumption that we will transition to a more productive, higher-value, higher-skilled economy just by increasing the conveyor belt of graduates is proven to be flawed.”
The report found that employers are increasingly requesting degress for traditionally non-graduate roles despite there being no change in the skills needed for the role. The trend was particularly noticable in the construction and manufacturing sectors, with degrees increasingly being required rather than apprenticeships.