22 Oct 2019
MillionPlus, the Association for Modern Universities, has today (22 October) commented on the Higher Education Statistics Agency (HESA) report, The Return to a Degree. The report examines the extent to which the financial return to a degree has changed across two decades.
Dr Greg Walker, Chief Executive of MillionPlus, said:
“HESA’s study shows yet again there is a significant positive financial return to higher education study even very early in a graduate’s career - at age 26 - in addition to the wider benefits HE brings to former students and society. That there has been a dip in returns for the generation who joined the workforce in the aftermath of the Great Recession in 2008-09 is not surprising, given that this downturn was the deepest since the 1930’s. A strengthening economy should mean a further upswing in the number of graduate-level roles and entrepreneurial opportunities. As HESA notes itself, the report should be taken with caveats due to unavailability of data and a consideration of only the financial returns of a degree to the exclusion of other important features of being a graduate. We should consider the ‘all round’ benefits of higher education to graduates, such as better health, greater self-esteem and the general personal transformation it brings.”
Notes to editors