I am having a hard time comprehending some of these sentences 😭
["Are they likely to ask for an Astar AA, and then accept students on a AAA or AAB ticket."]
-Is this a question or a statement 😭😭?
["Do students realise that they are devaluing the degree?"]
-Is it the students devaluing the degree or the college?
Anywho, I don't think this is true. Every applicant (who makes it that far) is worthy of an offer. Even if they receive a AAA instead of A*AA, that doesn't depict that they're not able for a degree from Cambridge. Everyone's been doing well so far. Also, Cambridge doesn't only care about your school results! I'm pretty sure they place a lot on performances in the interview and other factors. Just because a student is "weaker" in one area doesn't mean they didn't excel in some other area and it doesn't mean they're no longer "good enough" for the place at the college.
Also while some colleges may be "richer" and may produce better results overall, it doesn't necessarily mean any college is worser or the students are incapable. Though it might indicate that the best of the best students tend to apply to the so called "prestigious" colleges.