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An exploratory study involving students enrolled in Law and Science degree programmers of The Open University of Sri Lanka (OUSL) was conducted to identify students' progression in the programmers, the perceived benefits in terms of occupational and social mobility, and economic returns, and any other non-pecuniary benefits. Especially developedquestionnaire was administered to a sample of students to get. their views on the benefits obtained. Results of this study unveiled crucial information of perceived and non-perceived benefits of the OUSL degree programmers. It could be observed that a substantial number of students have experienced a change in their employment and a huge increase in their income after completing the programs. Other interesting feature is that the number of students, who were in the lowest income level, had decreased substantially.