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First of the elite Russell Group of top universities to charge less than the maximum fee
The academic board of the London School of Economics has determined by one vote, 68 to 67, not to charge £9,000 in fees next year, the first of the Russell Group to charge less than the maximum; instead the annual tuition fee for UK and EU undergraduates will be £8,500. An LSE spokesman said the fee sent a "clear message" that it welcomed students from "all backgrounds", while the figure voted on took into account "arguments of principle". Many in the group, including Cambridge, Oxford, Nottingham and Imperial College London, will charge £9,000.
London School of Economics has decided to charge £8,500 for its annual tuition fee, making it the first elite university to declare that it will not to charge the full £9,000 in tuition fees next year, and the first of the elite Russell Group of top universities to charge less than the maximum.
A large number of the universities in the group, including Cambridge, Oxford, Nottingham and Imperial College London, will be charging £9,000 for the 2012 academic year.
A close vote from the academic board has determined the new fee, with 67 members voting to charge the £9,000 fee and 68 members against it.
An LSE spokesman said that the fee sent a "clear message" that it welcomed students from "all backgrounds".
The fee takes into account "arguments of principle", said a statement released by the university said.
Professor Judith Rees, LSE director, said: "We are determined to preserve academic standards and ensure that all students with the ability to benefit are not deterred from applying to LSE.
"In recent years we have put a great deal of resources into widening participation activities and are delighted that we can now expand these.
"Our new fee package allows us to provide exceptional value for all students while continuing to target funding on the poorest."
