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Graduates earn £100,000 more
Monday, 20 August 2007
Life after graduation
Graduates will earn an average of £100,000 more than students who take their A-levels but then rule-out higher education, new government research has shown.
According to the Department for Innovation, Universities and Skills, graduates will earn the extra money throughout their lifetime due to the increased opportunities having a degree will afford them.
Commenting on the research, a spokesperson for the department said: "Going to university or college can help school leavers fulfil their potential and set themselves up for success in their future careers.
"Higher Education is one of the most important investments a young person can make."
However, statistics from a Lloyds TSB student survey indicate that university leavers may face debts of up £20,000 in the future. The authors of the study attribute this potential increase to the advent of top-up fees across UK institutions.
Current students face debt of between £13,000 and £17,500.