Economic efficiency of further education

A landmark study into the economic impact of further education colleges has revealed that the contribution of past and present learners who have studied at the colleges over the past 15 years was approximately £28 billion in added income to the national economy in 2006/07 alone.
Highlights are:

• Learners who invest time and money in a Further Education College receive, on average, a 10% return on investment - better than the stock market
• The total socio-economic benefits and savings associated with the colleges yield an average of 8% return on investment to the UK government
• Compared to those with no formal education, workers with a Level 3 qualification receive 6,400 more in annul earnings, or about 196,400 pounds over the course of their career

These consideration should be taken into account for Kazakh VET as well. It is a benchmark, both for the necessary investment in order to create a modern VET system and its economic and social efficiency