Going New World, are they? In the US, we call that the Ivy League George Bush rule.

Teenagers from the wealthiest families would be able to pay for extra places at the most competitive universities under government proposals that could allow institutions to charge some British students the same high fees as overseas undergraduates.

Candidates who take up the extra places would not be eligible for publicly funded loans to pay tuition fees or living costs, limiting this option to all but the most privileged households who could pay fees up front.

Under the plans, the extra students may be charged as much as international undergraduates. At the most competitive universities, these students face fees ranging from £12,000 a year for arts subjects to £18,000 for sciences and more than £28,000 for medicine. Applicants would be required to meet the course entry requirements.