BBC News - Students face tuition fees rising to £9,000
Here is a rough (unfinished) calculation for additional costs that students may incur:
Assumptions:
- £9000 charged per year (worst case)
- 125 days in University per year
- Studying 9-5 (8 hours), 5 days a week (probably overestimated)
- Class size of 50 students (probably underestimated)
- Average lecturer salary: £18.19 per hour
- Cost of lecture theatre: £100 per hour
Calculations:
- 125 days x 8 hours per day = 1000 hours
- £9000 / 1000 hours = £9 per hour
- 50 students x £9 per student per hour = £450 per hour
- £450 per hour - £18.19 per hour (lecturer) - £100 per hour (lecture theatre) = £331.81 per hour
These calculations are unfinished since I have not accounted for all the equipment (labs), administration, and other? costs...
Why is what seems to be over £300 profit per hour reasonable? (not a rhetorical question) It seems we're not just getting students to fund their education but also much more.
Posted Nov 3, 2010, 4:36 PM UTC · edited
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