Brilliant - pay more depending on what school you go to because you 'will' make more!! How much would you pay to attend Harvard? !!!!!!!!!!!!!! This has some very serious implications!
Top universities 'should charge higher fees'
Students attending top universities should pay higher tuition fees, according to a report.
By Graeme Paton, Education Editor
10 Oct 2008
They should be prepared to pay extra because they normally earn much more after graduating, it is claimed.
The additional cash is needed to fund higher staff salaries at Britain's most prestigious universities, said the Centre for Economic Performance, part of the London School of Economics.
Three academics - Iftikhar Hussain, Sandra McNally and Shqiponja Telhaj - analysed the salaries of students graduating from university in 1985, 1990, 1995 and 1999.
It found a student at a top university could earn at least six per cent more than other graduates. Those at the very best institutions - which is likely to include members of the elite Russell Group, which represents Oxford, Cambridge and LSE - can expect between 10 and 16 per cent more.
The average annual salary of a student who left university in 1999 was £22,828, said the study. It estimated that over a 25 year period a student from a leading university would earn an extra £35,207.
"There is a significant premium to attending a high-quality university over an average university in terms of the wages that graduates can command in the labour market," said the report. "This implies that even if two graduates have the same A-level grades and family background and studied the same degree subject, they will earn different wages if they went to different universities. The graduate from the more prestigious university will, on average, earn more."
It added: "Such evidence suggests that there is some justice in requiring graduates to contribute to the cost of their university education, and in allowing different universities to charge different fees."
The findings come just 24 hours after British universities fell in an international league table
Cambridge and Oxford were relegated from joint-second to third and fourth respectively - and 29 British universities were named in the top 200 compared to 32 a year ago. It fuelled claims that universities will lose their world-class position unless ministers increase vital funding levels.
Last week, Lord Patten, the Oxford chancellor, called for the "intolerable" £3,000-a-year cap on tuition fees to be lifted.
The existing fee level will be reviewed by the Government next year, with some universities already calling for the cap to be lifted.
Wendy Piatt, director general of the Russell Group, warned this week that Britain faced fierce competition from China, India, Brazil, Australia, France and Germany.
"Without increased investment there is a real danger that the UK's success will not be sustained," she said.
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