The number of London students getting the highest grades in A-Levels has fallen for the first time in more than 20 years.
Today's exam results show that 28.5 per cent of this year's entries got an "A-star" or an "A".
Last year, it was just over 29 per cent.
The worry is that some students will now miss out on the universities of their choice.
Paul Brand has this report.
There's been a fall in the number of students already accepted for university places, down 7% this year, compared with 2011.
There are various reasons for this, such as tuition fees - now up to £9,000 a year - putting teenagers off higher education.
So what are the options for students who know that university isn't for them? Liz Wickham has been finding out.
Thousands of students in the capital have been opening their A-Level results this morning.
Teenagers here in London have been getting high grades, compared with the rest of the country, but admissions service UCAS says university applications are down.
Paul Brand sent this report from a clearing centre at the University of Greenwich.
Off to see students in Hackney get A level results. Good prospects are pricey this year - up to »9000 per yr at uni nowFrom @PaulBrandITV on Twitter:
Jess Harper from Putney is celebrating a fantastic set of A-level results, that she hopes could set her on the path to Paralympic glory at Rio 2016.
With straight As in English, French, Spanish and history, the 18-year-old has secured her place at Brown University in the USA, where she will compete in disability swimming events.
She said: "They've got a great swimming programme over there and the coaches are really brilliant.
"I'm hoping that will give me the boost I need to make it for 2016."
The Putney High School pupil, whose lower left arm failed to develop before she was born, is ranked number 19 in the world in the 100 metre butterfly event.