Top British universities are going to raise tuition fee
Two of Britain's top universities are expected to increase tuition fees to the maximum level allowed by new laws. Both Oxford and Cambridge said that charging maximum fee for all subjects from 2012 was the only way of maintaining academic excellence.
The cost of a top education in England looks set to soar. The British government chose to allow universities to increase tuition fees to $9,500 a year, to secure the future of higher education as public finances are cut. Ministers said the costs could rise to around $14,500 in exceptional circumstances.
Two of Britain's top universities are expected to increase tuition fees to the maximum level allowed by new laws. Both Oxford and Cambridge said that charging maximum fee for all subjects from 2012 was the only way of maintaining academic excellence.
The cost of a top education in England looks set to soar. The British government chose to allow universities to increase tuition fees to $9,500 a year, to secure the future of higher education as public finances are cut. Ministers said the costs could rise to around $14,500 in exceptional circumstances.
Surprisingly, two of England's most prestigious universities, Oxford and Cambridge, have already signalled they will charge this top rate. An internal Cambridge review said it'll be for all courses, with discounts of up to $5,000 for poorer students. The deputy head of Oxford University said it'll be charging the maximum for all subjects, to make up for budget cuts and to be able to subsidise the less well-off.
Opposing the increases, some students said talented young people could still be turned off applying, to avoid being overwhelmed by debt. They fear social elitism will replace academic excellence.
To find out about the reaction of British parents who will pay for their children's education follow the link http://www.bbc.co.uk/news/business-12402323
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