‘We have to accept £18k cost of class universities’

MK Business Leaders chairman Philip Smith, left, with Professor Terence Kealey, Vice Chancellor of Buckingham University.
MK Business Leaders chairman Philip Smith, left, with Professor Terence Kealey, Vice Chancellor of Buckingham University.
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BUSINESS leaders in Milton Keynes have been told that quality university education cannot be provided with student fees of less than £18,000 a year.

Professor Terence Kealey, Vice Chancellor of Buckingham University, was speaking to an audience of Milton Keynes Business Leaders about how MK can establish itself as a US-style international centre of excellence.

Prof Kealey sees the prospect of more privately-funded universities, like his own, being created. But if Milton Keynes has ambitions, it cannot be done on the cheap. He said: “If you want a stellar university in MK you cannot run it on fees of £9,000 per year. The genuine cost of high quality undergraduate education is £18,000 and anyone who thinks otherwise is fooling themselves.

He added: “If you want something that in 100 years people will talk about in terms of Oxford, Milton Keynes and Cambridge, then that’s the Ivy League model and I suggest we think about that”.