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The Conservatives will promise to replace “rip-off degrees” with 100,000 apprenticeships each year by the end of the next parliament if they win the general election.
The Tories will outline their plans on Wednesday to replace the “worst performing” courses with high-skilled apprenticeships, which they say will provide “more opportunities and greater financial security”.
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Making the announcement, Rishi Sunak will say: “Improving education is the closest thing we have to a silver bullet for boosting life chances. So, it’s not fair that some university courses are ripping young people off.
“Thanks to our plan, apprenticeships are much higher quality than they were under Labour. And now we will create 100,000 more, by putting an end to rip-off degrees and offering our young people the employment opportunities and financial security they need to thrive.
“That’s the choice at this election – the Conservatives with our clear plan to grow the economy and give people the opportunities they need for a secure future, or Labour who have no plan and would take us back to square one.”
A new law will grant powers to the Office for Students to identify the courses with the highest dropout rates, the least progression to graduate jobs and the lowest earnings potential, and then close them.
The party will then continue its existing measures to “boost uptake” of apprenticeships – including funding the cost of training some young apprentices at small and medium-sized businesses – as well as working with the creative sector to find new routes for people to train.
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