Degree courses in the future might be ‘fast-tracked’ and reduced to two years, business secretary Lord Mandelson has suggested today as annual funding for universities is cut by £533 million (December 23rd).

He said that the shorter courses could help universities save money, free up teaching resources and recruit students who are keen to limit the amount of debt they graduate with.

Some universities already offer two-year courses including the private Buckingham University, while degrees in Scotland typically last for four years.

Those who want to find finance graduate jobs after they leave university often need to study for professional qualifications as part of their work, and reducing the length of university to two years could help them save money.

This week, the Association of Graduate Careers Advisory Services (AGCAS), said that taking on part-time work is a good idea for students, even if it is not in the sector they intend to work in after graduating.

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