A study conducted by the Institute for Public Policy Research, also found that there are still great personal benefits from gaining higher level qualifications.
A graduate can expect to earn £98,000 more over a lifetime compared to someone with two or more A-levels - known as a "graduate premium".
After tuition fees treble to a maximum of £9,000 this autumn, this premium will fall slightly, although a graduate will still earn between £79,500 and £86,000 more over a working lifetime, depending on the level of fees they paid.
We have seen that the attainment of higher-level qualifications provides a significant boost to the UK economy, with the Exchequer gaining an additional £180,000 from a graduate over their working lifetime compared to an individual with A-levels.
More top news
Little Sophia Williams died in a children's hospital in Edinburgh on June 5.
Dry spells over parts of Scotland in the next few days and remain dry. More rain in the north. Temperature will remain mild.
The world's largest aircraft crashed on its second test flight - despite only going 5mph.