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<p>We are clear that outcomes are not just about economic returns. Our higher education
system transforms lives and is a great contributor to both our industrial success
and the cultural life of the nation. High quality provision in a range of subjects
is critical for our public services and culturally enriching for our society.</p><p>The
Teaching Excellence Framework puts clear information in the hands of students about
the teaching quality and outcomes they might expect to receive.</p><p>In addition,
the government regularly publishes information on the benefits of higher education
ranging from; research publications on student aspirations and the wider non-market
benefits, to statistical publications on graduate employment and earning trends including
‘Graduate Labour Market Statistics’ and ‘Longitudinal Education Outcomes’ publications,
which can be found on the gov.uk website:</p><p><a href="https://www.gov.uk/government/statistics/graduate-labour-market-statistics-2018"
target="_blank">https://www.gov.uk/government/statistics/graduate-labour-market-statistics-2018.
</a></p><p><a href="https://www.gov.uk/government/collections/statistics-higher-education-graduate-employment-and-earnings"
target="_blank">https://www.gov.uk/government/collections/statistics-higher-education-graduate-employment-and-earnings.
</a></p><p>The government is due to publish an updated study in the coming months
on the earnings premium graduates can expect from holding a degree. The latest research,
however, can be found here: <a href="https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/229498/bis-13-899-the-impact-of-university-degrees-on-the-lifecycle-of-earnings-further-analysis.pdf"
target="_blank">https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/229498/bis-13-899-the-impact-of-university-degrees-on-the-lifecycle-of-earnings-further-analysis.pdf</a>.</p><p>The
research suggests that over a working life, graduate returns average £170,000 for
males and £250,000 for females, which takes into account the impact of loan repayments,
national insurance and income tax payments.</p>
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