The role of higher education is vital to our societies. Higher education contributes to human capital formation, to innovation and to the wider economic, social, cultural and environmental development.
As a result, higher education is rapidly expanding. Participation and attainment is increasing, the number of higher education institutions is growing and the sector serves a more diverse body of students. In addition, higher education is becoming increasingly global.
The sustained growth of higher education reflects its benefits. There are large incentives for individuals to obtain higher education qualifications. On average, higher education graduates have better labour market outcomes, they earn more than other workers, and individuals gain significant private returns on their investment in higher education. Read more