The above report is based on research and analysis produced by the Office of Economic Cooperation and Development (OECD). The report comments on the advantages to the UK economy from people with a degree in terms of tax income and reduced unemployment. The report arranges an objective argument in from a number of authoratitive reports and sources, on whether higher education is a contributing to factor economic growth and whether it should receive support and investment.
According to the report male graduates can expect to earn $208000 more than people without a degree. The benefits to the states are $95000 in tax income and reduced unemployment. The critic of the report Professor Allison Wolf does not think the OECD’s analysis and findings are inaccurate. She believes anything extra a graduate earns is not directly attributed to having a degree and therefore should not be subsidised by the government. Studying for a Degree: UK versus USA.
Both the Kingdom and United States boast a pool of universities which are world renowned and among the best in the world. This is a brief summary of studying the benefits and disadvantages of studying at both .Tuition costs are significantly higher in the USA compared to the UK, on average the highest fees charged are $12000 in the UK compared with $50000 in the USA.
However the UK offer student loans systems which is only paid back once graduates are earning £21,000 or more, and many universities in the USA provide high levels of means tested financial support (Guardian, 2011) which student do not have to pay back, in an attempt by US universities to attract international talent. Course length also varies, UK degree courses are mainly taught over three years where as courses in the USA last 4 and even 5 years, increasing the cost of studying in the USA. (Word Count 323).