The yearly cost of studying for a degree in UK has risen 300 per cent in the past two decades, according to research.

Figures published by the University and College Union show the spiralling cost to students of higher education, and suggest it will continue to grow.

According to UCU’s analysis, the annual cost of going to university was £1,545.50 in 1988-1989. It claims this had risen to £6,360 by 2009-2010 – a 311.5 per cent increase.

By 2012-13 – the year the new tuition fee cap comes in – the analysis suggests that the annual cost will be £12,750 per year – a further 100 per cent increase.

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