Real GDP is a variable for aggregate income. You might think of your model very loosely as an "aggregate demand function". Then, as the elasticity of a function $\varepsilon=\frac{\partial f}{\partial x}\frac{f(x)}{x}$ can be expressed in terms of logarithms $\varepsilon=\frac{\partial \ln f}{\partial \ln x}$, in your estimation it would amount to say that, ceteris paribus, the elasticity of (assuming average) higher education to real income per capita is $0.47$.
This implies that the "demand" for higher education is inelastic ($\varepsilon \in (0,1)$), which kind of makes some sense.
Within that framework (aggregate average, not consistent with demand theory), I think a better model would come from adding ${(\ln RGD)}^2$ to your model, to let the "income elasticity" describe some nonlinearities as it would sound really strange that if RGDP would go up 1000x average education would go up 470x, as this would mean people would be living some centuries before completing their education...