Answer :
Yes, Learning can have a positive effect on someones life because when people learn they usually know right from wrong that is the whole point of learning so you know whats right and whats wrong. Learning can impact someone tremendously you can learn from a mistake which can benefit you or you can learn in school which will also benefit you. At the end of the day learning always helps.
Although one may not always get what they ask for, it is certain one will always learn for their past actions (positive effect). Learning is a process everyone endures as they get old; whether a lesson comes from a good deed or is the result of a wrong-doing.
One might learn that putting hard effort to achieve victory in a contest yields its rewards and provides a feeling of self-satisfaction, while realising that breaking into someone's home has its consequences once getting caught - witnessing the punishment on one's own flesh is very much different than hearing a condemn from parents.
No matter how old and wise, there's always something to learn.