Higher education is really for people who want formal learning in order to get an academic degree. If you are good at certain subjects and need a degree related to those subjects, then university is the right choice for you. Besides studying, university students also have the opportunity to live independently, make new friends, and join different clubs. Many students still manage to work part-time during their university years. In addition, college or university students usually have an advantage over students from vocational schools when it comes to further studies after a degree. They will also have broader career options and an advantage in the job market.
*What is the synonym for 'job market' mentioned in the context of university graduates' prospects?