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
The pensioner made arrangements with undercover agents to have sex with a nine-year-old boy in California.
Up to 30 people have been found dead in an Italian hotel that was hit by an avalanche following a trio of earthquakes on Wednesday.
Two British athletes have rowed the Atlantic setting a new record for completing what is dubbed the world's toughest row.