Grand Compounder

At the University of Oxford, a graduate whose income exceeded £300 a year and who therefore paid the higher fee of £30, rather than the ordinary £7, on taking a degree. In return, the Grand Compounder enjoyed certain ceremonial privileges, including walking beside the Vice-Chancellor, wearing a red gown, in the procession to the Convocation House and back. The distinction was abolished in the nineteenth-century reforms of the University and is now purely historical.