Long gone are the days of crippling student debt and high interest rates – at least for some students. With 20% students paying their tuition fees in one go, King’s College London has the highest rate of upfront payments.
Research conducted by the Intergenerational Foundation (IF) reveals that around 10% of students studying at university choose to pay their tuition fees upfront.
These students come from wealthy backgrounds and can afford to pay their fees in one go. As a result, they escape the 6.3% interest rate that their peers are subject to, and end up paying much less. Researchers from IF believe that these universities have more students from private school backgrounds, which results in them having higher numbers of students paying upfront. With 20% of its students paying their fees in one go, King’s  is at the top of this list.
Rates are unsurprisingly higher than average at other Russel Group universities as well. At Oxford and Cambridge, 16% of students pay their fees upfront, while the rate at UCL, LSE and Imperial is 14% – both of which are considerably above the average amount. King’s, however, remains the university with the highest percentage of students paying upfront.
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