A busy week in politics, and for policy too. Not looking any quieter as we approach the end of the year, either. We will do a short update next week because the ONS report on student loan accounting is due and there are likely to be interesting reflections on that through the week.
Student loans and accounting
Ahead of the big ONS announcement on Monday about accounting for student loans, there is a House of Commons library report: Student loans and the Government’s deficit
Following concerns from parliamentary committees, the Office for National Statistics (ONS) is re-examining how student loans are recorded in the Government’s deficit (which is the difference between the Government’s spending and its revenues from tax receipts and other sources). The ONS will announce its decision on 17 December 2018. (more…)
Considering we were late and included much of Monday’s news in the last update, this is a bumper update for you. Lots of data and lots of speculation about fees etc. We have managed to avoid the B word this week – as you will have had enough of it from all the other news sources.
Sophie Bradfield, the Policy & Campaigns Coordinator for SUBU, returns with another guest piece for us this week
Sutton Trust has published research today on graduate internships detailing that “39% of graduates in their twenties have done an internship, including almost half (46%) of young graduates under 24.” These statistics have a direct correspondence with research published in a Lancaster University HECSU-funded Graduate Resilience Project in 2016, looking at how students transition after graduating, where “45% of respondents identified a concern that they lacked relevant experience.” Pairing this with the competition for graduate jobs, it’s of no surprise that so many students seek to undertake internships. At BU gaining placements and real-world experience is a unique selling point and as BU proudly states on the placement information page “90% of our graduates have relevant work experience and this can give you a real head start in the competitive jobs market.” The Students’ Union at Bournemouth University (SUBU) is in absolute agreement that offering opportunities to gain experience can really help students to stand out from the crowd; learn transferable skills for employment; and increase employability and so we have a lot of extra-curricular opportunities on offer for students and collaborate with BU on a number of joint projects including recruiting paid students to be on programme review panels.