The most expensive university degree in the world – The Telegraph

The most expensive university degree in the world – The Telegraph

September 7, 2021 Comments Off on The most expensive university degree in the world – The Telegraph By admin

By Nick Dearden Posted March 11, 2018 02:03:49 The cost of a tertiary education in the UK has surged, according to the latest data from the Higher Education Statistics Agency. 

The ONS said that in 2018, the average cost of an undergraduate degree was £23,000, up from £19,000 in 2017.

The figures were released as part of the agency’s annual publication, The Cost of a Bachelor Degree, which has been published since November 2019.

It shows that the average undergraduate tuition fee at the most selective universities is £31,842, up 5.6 per cent on the previous year. 

Students at the Royal College of Nursing and Health Sciences were also given a boost. 

On average, the median salary of a university degree was nearly £45,000 and £38,000 respectively, the ONS found.

In 2017, the minimum salary was £31.55, down 3.4 per cent from £34,624. 

According to the ONR, the total cost of tertiary tuition in the United Kingdom increased by 4 per cent in 2018.

The increase in costs came as tuition fees at universities across the country rose by 7.4 percent in 2018 and by 12.2 percent in 2019. 

In addition, the agency found that the cost of tuition fees increased at the highest level of selective institutions, the Russell Group universities, up 6.7 per cent between 2017 and 2018.

 It said the average student at Russell Group institutions had £42,000 more to spend in 2021 than they did in 2020, and £40,000 less than they spent in 2017, with the average annual cost of undergraduate tuition in 2019 coming in at £26,000.

The report found that in 2017 universities had raised tuition fees by £1.3 billion to £34.9 billion. 

Tackling the cost rise The ONS is launching a new initiative to tackle the rising cost of higher education.

It said that the Government’s £2,000 cap on university tuition fees would be replaced by a cap of £6,000 for the first time, which would be introduced by 2020.

The cap will then gradually rise to £8,000 by 2021.

In 2018, a total of £17.3bn of the government’s new funding for higher education came from the Arts Council.

The Arts Council will now be able to borrow up to £4.2bn to finance its new programmes and support its core activities, which include the provision of free courses.

But the ONSB said that although the Arts and Humanities Council has a higher percentage of funding from the government, its funding is not always matched by the same level of funding for universities.

“There are significant opportunities for the Arts to deliver better value for money,” the agency said.

“However, the Arts council cannot provide all of the funding that universities provide and there are still some areas where universities do not provide the same value for their funding.”

The ONSA said that by 2020 the Arts would be able offer £4 billion in funding to universities and the arts sector.

While the budget will be lower in 2021, the funding will be matched by an increase in the National Lottery Fund.

To mark the start of the academic year, the government is also launching a £4 million fund to provide support to universities.

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