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The number of applications to the UK’s most selective university courses has fallen by a record amount, figures show.

The “worrying” drop in the number of young people applying to higher education could be a result of the cost-of-living crisis, according to the Association of School and College Leaders.

Students hoping to study at the universities of Oxford and Cambridge, or to pursue medicine, dentistry and veterinary degrees, had until 15 October to submit their applications.

Ucas figures show that 74,090 UK and overseas students applied to these courses for the academic year beginning in autumn 2023 – a 4.8 per cent fall from the high of 77,820 last year.

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