Subject to formal parliamentary approval, the statutory maximum cap on the full-time UK/EU undergraduate tuition fee will increase by £250 to £9,250 in the 2017/18 academic year. This change addresses the declining real term value of the £9,000 fee which has been held steady for several years now (i.e. what was worth £9,000 is now estimated to be worth only £8,546). The RVC intends to institute this fee increase for all new and continuing full-time UK/EU undergraduate students in 2017-18.
Subject to the approval of legislation in parliament in future years and following judgements as to the quality of taught provision made via an exercise called the Teaching Excellence Framework (TEF), institutions including the RVC will continue to be able to raise fees at an inflationary rate (Retail Price Index (RPI)) as long as they meet a quality threshold for their teaching. We are, therefore, advising all students currently studying or considering study at the RVC to plan their finances based on year-on-year inflationary increases. UK/EU students should assume increases linked to RPI whilst International students should plan on the basis of a maximum of 5% or RPI (whichever is the greater) per year.