Uptake of degrees continues to grow

The number of people taking a degree throughout Australia has increased sharply in the past decade, new figures have shown.

According to Roy Morgan Research, 26 per cent of people over the age of 14 have a tertiary degree, which is up from just 16 per cent ten years ago.

The study found that 54 per cent of males in Australian Capital Territory (ACT) have the qualification compared with 50 per cent of females.

With so many people heading into higher education, far more lenders will be advertising special student banking deals in order to attract new customers.

Therefore it is vitally important that youngsters weigh up their options when selecting a package in order to find one that best suits their needs.

Chief executive officer at Roy Morgan Research Michele Levine said it is well worth studying towards a degree, as those that do tend to earn more money.

"While some may mock Canberrans for where they live, people in the ACT really do seem to be 'healthy, wealthy and wise'," she remarked.

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