Because of the UK's dramatic shift from student grants to loans, a startling report from the Institute for Financial Studies predicts that 77.4% of university graduates in the UK's class of 2017 will not repay their full student loan obligations. This is up from 41.5% just six years ago in 2011.
The shift came in the wake of austerity measures that phased out tuition assistance with no repayment requirement. Via IFS:
We have shown that changes to the system since 2011 have significantly increased students’ average levels of debt on graduation. However, a key insight from Crawford and Jin (2014) is that higher debt levels do not necessarily translate into higher graduate repayments. Indeed, those authors showed that the 2012 reforms actually reduced total repayments for the bottom 30% of graduates. This was because the reform significantly increased the threshold at which individuals start to make repayments.
• Higher Education funding in England: past, present and options for the future (IFS via ITV)
Image: Aaron Hawkins
Information is Beautiful has updated their comparison of artist payments on streaming services, estimating that 2.4 million plays on YouTube will net a whopping $1,472 for an unsigned artist. That’s $0.0006 per play!
You might think every American state is overrun with tech billionaires, given the amount of press they get, but Forbes shows that the richest person in each state is more likely to have made their fortune in fashion, retail, finance, or investing:
David Robinson used the data from the 28,657 people who self-selected to take the Stack Overflow survey to investigate the relationship between programmer pay and the conventions of using either tabs or spaces to mark indents, and found a persistent, significant correlation between using spaces and bringing home higher pay.
Just because English has become the common global tongue doesn’t mean it’s the easiest language to write—even for native speakers. If you’re looking to improve your written communication skills, especially on your smartphone, take a look at Ginger Page.Ginger is a cross-platform app that offers corrections for phrasing as well as grammar. It’s powered by […]
The current web development landscape is rife with buzzwords and technology that gets abandoned almost as soon as it’s made. If you’ve never written a line of code before, it can be hard to figure out what’s coming, what’s here to stay, or how to get ahead.This Beginner Web Development Bundle is a great place […]
The Fader Stealth Quadcopter from TRNDlabs packs incredible flight performance into a package small enough to land on your phone screen, and it’s available now in the Boing Boing Store.The Fader’s six-axis gyroscope module gives it perfect balance in the air. This makes the onboard 720p HD camera all the better for shooting amazing flight […]