[holding answer 18 June 2007]: Graduates earn considerably more than non-graduates. Over their working life, the average graduate will earn comfortably over £100,000 more in today’s valuation, than a similar individual who just had A-levels. The benefits of a degree are not just financial: holders of HE qualifications are about half as likely to be unemployed as non-graduates and graduates tend to live longer and be healthier than non-graduates.
The repayments on student loans vary according to the income of the individual borrower. Based on projected lifetime earnings for all graduates, the average time taken by individuals entering HE in 2006/07 who will fully repay their student loans is estimated to be around 13 years.