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► Study pays off for UK graduates, report shows

28th September 2006 5:47 pm

A recent report shows students investing in higher education in the UK can expect a much higher return in future earnings than their counterparts in most other western countries, new figures show.

According to the Organisation of Economic Cooperation and Development (OECD), earnings for graduates are on average 58% higher than those who have only completed secondary education. Only the Czech Republic, Hungary, Poland, Switzerland and the United States have higher rates.

The report also reveals the ongoing popularity of British universities among international students, despite higher fees than in some other countries.  The UK has the second highest number of international students as a proportion of total intake: 13.4% of all students and 38.6% of postgraduate students are foreign, more than twice the average.

Britain also has one of the lowest drop-out rates: some 78% of students complete their degrees, well above the 70% OECD average. Only Greece, Ireland, Japan and Korea have higher completion rates. And UK institutions are one of the most popular among non-European students, according to the report.

The higher education minister, Bill Rammell, said: "Entrants to higher education in the UK have increased by 25,000, or more than 10%, since 1999. The UK remains in the top eight countries for graduation rates, and in the top five OECD nations for successful completion of degrees, with 78% of university students in the UK successfully completing their degrees compared to the OECD average of 70%.

For the full article see Anna Bawden  Tuesday September 12, 2006  EducationGuardian.co.uk

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