Students should pay higher fees to go to university in England, says the Russell Group of leading universities.
The group’s submission to Lord Browne’s funding review sets out how the £3,225-a-year fee could rise to £9,000 without extra costs in taxpayers’ subsidies.
“An increase in graduate contributions is the fairest and only viable option for addressing the funding shortfall,” says the Russell Group statement.
Students described the proposals as a “nightmare scenario”. - reports BBC News.
The National Union of Students said this lifting of the cap on fees would mean “mortgage-style debts” of more than £40,000.
Higher repayments
The UCU lecturers’ union said that such an increase in tuition fees would be “the most regressive piece of education policy since the war” which would “price a generation out of higher education”.
The Russell Group wants the level of tuition fees to be high enough to create a range of different charges for different courses - and for students to re-pay loans at a higher interest rate.
This combination of higher fees and reduced subsidies would mean that fees could be raised to £9,000 per year, without extra cost to the Treasury, says the report.
Lord Browne’s cross-party review, set to report later this year, is considering how universities in England should be funded.
This includes asking whether there should be any limit on fees - and whether the current maximum of £3,225 per year should be lifted.
The influential Russell Group, representing 20 prestigious universities, has now told the review that the only practical way of funding higher education is to have higher charges for students.
There would also be a reduction in the subsidy on student loans, with repayments at more of a commercial rate. Read the rest of this entry »