Yellow Fang
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Yes, I was gob-smacked when I worked out how much it would cost to do a degree - £5000 for each of three levels (120 credits x 3).
This is as a direct result of the Govt's HE policy and in my opinion will deter retired people like me from studying - and perhaps a whole lot of others as well. I think DZ's suggestion about Maastricht is a good one - far cheaper and just as good quality.
I am not sure where the £5000 goes neither. The books and materials do not cost that much. I assume everyone studying the same course gets the same questions. I suppose the questions have to be marked by tutors, except the Computer Marked Assignments don't. We used to get the odd tutor group, but they weren't frequent or really necessary. There is also the setting, marking and organising the exams, but I still do not see it coming to £5000.