Gaaaaah. UK likely to move to a more US style tuition fees model
The upper limit on tuition fees 'should be removed'
Universities in England should have no upper limit on tuition fees, Lord Browne's review is set to recommend.
But government support will only be guaranteed up to a maximum of £7,000 per year - which is likely to make this the upper fee for most universities.
This would mean more than doubling the current tuition fee of £3,290.
Universities will be able to charge above this limit - if they share the financial burden of higher loans to students.
Lord Browne's review of university funding in England is set to deliver its recommendations to the government on Tuesday.
It appears likely that it will advise ministers to scrap the current upper limit on tuition fees, introducing a market in what students can be charged.
However the proposed funding mechanism will only fully underwrite the cost of fees up to £7,000 per year.
Universities will be able to charge above this limit - but as fees rise above £7,000 they will only be allowed to keep a diminishing proportion of the higher charges.
This is expected to act as a brake on raising fees above £7,000 - but the most sought-after courses in the most elite institutions would be expected to be able to charge higher fees.
The coalition government will have to respond to such far-reaching proposals.
Business Secretary Vince Cable has already emphasised the importance of a "progressive" element to the student funding deal.
This could either come in the Browne report or in the government's response - and could mean that higher-earning graduates will pay back their loans at a higher rate of interest.
Transport Secretary Philip Hammond, speaking on the Andrew Marr Show, said this could mean that "those with the lowest incomes have their interest rate effectively subsidised, while those on the highest incomes provide something additional to provide that subsidy".
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I am beyond pissed. Pretty much as pissed as I was when Labour first brought in tuition fees not that long ago actually. I saw that this would happen then, despite "reassurances" to the contrary. How dare people who benefitted from free university tution and grants take that away from the generations that follow?
Bastards.
BBC Source.
Universities in England should have no upper limit on tuition fees, Lord Browne's review is set to recommend.
But government support will only be guaranteed up to a maximum of £7,000 per year - which is likely to make this the upper fee for most universities.
This would mean more than doubling the current tuition fee of £3,290.
Universities will be able to charge above this limit - if they share the financial burden of higher loans to students.
Lord Browne's review of university funding in England is set to deliver its recommendations to the government on Tuesday.
It appears likely that it will advise ministers to scrap the current upper limit on tuition fees, introducing a market in what students can be charged.
However the proposed funding mechanism will only fully underwrite the cost of fees up to £7,000 per year.
Universities will be able to charge above this limit - but as fees rise above £7,000 they will only be allowed to keep a diminishing proportion of the higher charges.
This is expected to act as a brake on raising fees above £7,000 - but the most sought-after courses in the most elite institutions would be expected to be able to charge higher fees.
The coalition government will have to respond to such far-reaching proposals.
Business Secretary Vince Cable has already emphasised the importance of a "progressive" element to the student funding deal.
This could either come in the Browne report or in the government's response - and could mean that higher-earning graduates will pay back their loans at a higher rate of interest.
Transport Secretary Philip Hammond, speaking on the Andrew Marr Show, said this could mean that "those with the lowest incomes have their interest rate effectively subsidised, while those on the highest incomes provide something additional to provide that subsidy".
--
I am beyond pissed. Pretty much as pissed as I was when Labour first brought in tuition fees not that long ago actually. I saw that this would happen then, despite "reassurances" to the contrary. How dare people who benefitted from free university tution and grants take that away from the generations that follow?
Bastards.
BBC Source.