Do any readers from the U.K. or elsewhere have any idea what explains this:
According to the [British] Government's Department of Education and Skills, today's graduates can expect to earn a modest £120,000 more across their entire lifetime, than those with two A-levels who go straight into employment. A similar piece of research, conducted just 10 years ago, suggested this premium used to be in excess of £400,000.
Once you've taken the expense of university into account - which, according to NatWest, will average around £28,600 for each student for a three-year degree course in England - the decision to go to university is no longer a no-brainer. Furthermore, if you add on the extra £2,000 a year in tuition fees that most students will have to pay from next autumn (in addition to the £1,000 a year they already pay), the cost of a degree rockets to almost £35,000.
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