From a unique data-set identifying the school attended prior to university for a full cohort of UK university students, we examine the determinants of¯nal degree classi¯cation.We exploit the detailed school-level information and focus on the in°uence of school characteristics, such as school type, on subsequent performance of students at university. We estimate that, on average, a male (female) graduate who attended an Independent school is 6.5 (5.4) percentage points less likely to obtain a`good' degree than is a student who attended an LEA (that is, state-sector) school, ceteris paribus. We also¯nd considerable variation around this average¯gure across di®erent Independent schools. We¯nd that, for males, the variation in the probability of attaining a`good' degree across schools can largely be explained by the level of school fees.