By Charlotte Wilson Brady
Edinburgh University is the Scottish university to collect the greatest amount in fees and education contracts
New information by the Higher Education Statistics Authority (HESA) shows that revenue generated from tuition fees at Scottish institutions increased by 9 per cent to £780 million for 2013.
Edinburgh University received £174 million in 2012/13 in terns of fees and education contracts, around £24m more than the previous year and the greatest amount collected by any Scottish university.
The University of Glasgow came second with £110 million, while St Andrews, Aberdeen and Dundee collected £63m, £47m, and £40m respectively.
EU and Scottish domestic students are charged fees of £1820 a year, paid in full by the Scottish Government. Rest of UK (RUK) students pay £9,000 a year, and those outside the European Union pay £13,000 to £20,000 a year depending on the course.
HESA figures show that 26 per cent of total income at Scottish universities now comes from tuition fees and education contracts. The institutions’ remaining income comes from funding body grants (at 35.3 per cent), research grants (21.1 per cent), other income (16.3 percent) and endowments and investments (1.2 percent).
The Scotsman reported that last year, through investments and endowments the University of Edinburgh earned around the same as all other Scottish institutions earned in their investment and endowments combined.
The HESA figures substantiate these claims, showing that the university earned £17.5 million last year compared to the £19.5m earned collectively by all 17 of its Scottish competitors.
The figure of £17.5 million is a 39 per cent increase on the £12.7m earned by the university the previous year. In the same period (2012/2013) Glasgow University made just £7.5m, St Andrews received roughly £3m and Aberdeen £1m.
Alastair Sim, director of Universities Scotland, said: “The University of Edinburgh is a large and highly successful institution attracting significant sums of competitively won income and making an important contribution to Scotland.
“But [the university] is not Scotland’s only world-leading university, nor does its size, income or achievements overshadow those of other institutions, all of whom excel in aspects of teaching and research.”
A spokeswoman for Edinburgh University told The Scotsman: “The university’s strong financial performance enables us to deliver world-leading research and to focus on the quality of the experience we provide for our students.”