borrowed £350 million in October 2012 by issuing 40-year security bonds, whose interest rate is approximately 0.6 percent higher than the British government's 40-year bond.
=== Affiliations and memberships ===
The University of Cambridge is a member of the Russell Group of research-led British universities, the G5, the League of European Research Universities, the International Alliance of Research Universities, and it is part of the so-called golden triangle of research intensive universities in the south of England. It is also closely linked to the high tech business cluster known as Silicon Fen and is part of Cambridge University Health Partners, Europe's largest academic health science centre.
== Academic profile ==
=== Admissions ===
==== Process ====
Admission to the University of Cambridge is extremely competitive. In 2022, for instance, around 15% of applicants were admitted. In 2021, Cambridge introduced an over-subscription clause to its offers of admission, which also permits the university to withdraw acceptances if too many students meet its selective entrance criteria. The clause can be invoked in the event of circumstances outside the reasonable control of the university. The clause was introduced following a record number of A-level pupils who obtained the highest grades from teacher assessment, which was introduced due to the cancellation of A-level examinations during the COVID-19 pandemic.
The university's standard offer for most courses is set at A*AA, with A*A*A for science courses, or equivalent in other examination systems, e.g. 7,6,6 or 7,7,6 in IB. Due to a high proportion of applicants receiving the highest school grades, an interview process was introduced as a component of consideration for admission. Interviews are performed by College Fellows, who evaluate candidates on unexamined factors including potential for original thinking and creativity. Prior to 2020 these interviews were normally held in person but moved online during the COVID-19 pandemic and have, at most colleges, …
