You won’t be surprised to hear that the fees aren’t 22 times lower at the worst establishment.
An economics student at a seat of learning in the top 10% also gets five times as much teaching as one in the bottom 10%. The actual fees paid play little part in affairs.
Mike Peacy of the New College of the Humanities, one of the four authors of the study, stresses there’s still competition in higher education as top universities battle for students, academics and research funding.
But he’s surely right that when there’s a lack of detailed information on teaching and the means to compare like with like, that’s a clear instance of market failure: there’s absolutely no incentive for universities to raise their game.
And it certainly doesn’t chime with the “competitive pressure” argument wheeled out by the politicians to justify the introduction of variable tuition fees over the past decade.
University applications keep rising relentlessly, with more than 500,000 students due to start this autumn, so why should the suppliers cut their prices?
For most students, going to university is the biggest financial commitment they’ll make besides buying a property. Surely we can help them take the plunge with their eyes open?