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This university has slashed the cost of a degree to £5,650 a year

The average debt on completing a degree course is more than £50,000 (Getty Images)

An English university is to offer a fully-fledged degree course at a cut-price £5,650 a year.

The three-year degree in computer science will be taken online only at University of London Goldsmiths college.

Coming in at just under £17,000 for the the full course, the degree works out potentially £10,000 less than a full-time degree through other English universities that can charge up to £9,250 a year.

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The UoL course is aimed at encouraging more part-time, working students, following a fall in their numbers.

As many as 3,000 places are to be offered, and while the assignments and classes will be conducted online, there will be some travel involved to undertake traditional invigilated exams.

The course is being produced in a partnership with one of the world’s biggest online university companies, the California-based Coursera.

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Milton Keynes-based Open University offers much of its degrees through distance learning and online learning.

But this is thought to be the UK’s first full-strength university undergraduate degree taught entirely online.

Goldsmiths college, part of University of London, will be running the course (Geography Photos/UIG via Getty Images)

According to Craig O’Callaghan, the university’s deputy chief executive, it’s aimed at “people who are working and need a more flexible approach”.

Just like a regular degree, the course will involve group work and individual tuition – only this will be delivered remotely via computer.

Jeff Maggioncalda, the chief executive of Coursera, told the BBC that the online course “totally changes the equation” in terms of the finances of delivering university degrees.

“It’s so compelling that other universities will have to follow,” he said.

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The introduction and raising of tuition fees has yet to really hit student numbers – but with graduate debt now an average of £50,000 according to the Institute of Fiscal Studies, many commentators believe the situation is unsustainable.

Tuition fees trebled in 2006 and then trebled again in 2012 and latest estimates suggest a third of students will never repay their debts before the 30-year cut-off point.

Prime minister Theresa May last month ordered a review into the costs of going to university amid mounting calls for action on student debt.