David Willetts argues that despite criticism, a university degree significantly enhances life chances, providing important financial returns, especially in the long term.
The graduate premium for men averages £280,000 and for women £190,000 over lifetimes after student loan repayment, showcasing the economic benefits of a degree.
Willetts highlights that by age 31, graduates earn 37% more than non-graduates, emphasizing the long-term value of higher education as compared to vocational paths.
He describes current attacks on university education as virtue signalling that could deter disadvantaged youth from opportunities, underlining the importance of continued access to university.
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