In the United States, where the oldest university, Harvard, was established in 1736, student tuition fees, adjusted for inflation, are now on average between two and three times what they were in 1990. In the United Kingdom, where the oldest universities date from the twelfth century, tertiary education was not only free for British residents until 1998, but most students were provided with means-tested maintenance grants by their local authorities that were generous enough for them to be able to live in relative comfort without having to seek paid work during term times to make ends meet. Since their introduction in 1998, tuition fees have risen 900 percent. In both the the United States and United Kingdom, all but the wealthiest prospective students recognize that on graduation they will likely be saddled with debts that will take decades to settle.