Educating young people to A-level and degree standard boosts the UK's coffers by tens of thousands of pounds per student, new research shows. But the economy could be damaged if the UK fails to produce more highly skilled workers, says a report commissioned by the University and College Union.
The study shows that it costs the state around £5,000 to put a pupil through a two-year A-level course and almost £19,000 to send the average student to university.
It adds that the UK economy benefits "substantially" from individuals gaining these higher qualifications.
Overall, the Government will get an extra £180,000 back from a graduate over a working lifetime, compared to someone with A-levels.
And the return to the wider economy of a student gaining an A-level is around £47,000, the report says.
More top news
Straight-A student Andrew Jones was barred from giving a speech at his graduation because of his school's policy forbidding facial hair.
Taxpayers forced to hang onto the phone while calling HMRC lost the equivalent of £97 million last year, a watchdog has found.
Union members will hold rallies across the UK as part of the strike action over a rejected 1.1% pay offer.