Tertiary education is defined as a post-secondary education that consists of public and private universities, colleges, vocational schools, and technical training institutes. This education helps foster the students’ growth, boost shared prosperity, and reduce poverty in society. Moreover, a highly skilled workforce with lifetime access to post-secondary education is necessary for growth and innovation. Besides, well-educated people tend to earn higher wages, are more productive and employed, and cope better with economic shocks.
The benefits of tertiary education are not limited to individuals but to society. The tertiary education graduates have healthier habits, are more environmentally conscious, and possess a high level of participation. Additionally, healthier children, increased tax revenues from high earnings, and reduced family size aid in building a strong nation. In other words, tertiary education has helped people prepare by providing them with adequate skills and jobs and building their skills to be active members of their societies and communities.
Today, there are almost 220 million tertiary education students globally who earn twice as much as a student with a high school diploma. As the youth population is emerging and thriving in this world, the importance of tertiary education is increasingly becoming crucial. Tertiary technical and vocational education and training also offer a great incentive to the students compared to traditional university studies.