Tuition Fees - Right To Scrap The Cap?

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Tuition Fees - Right To Scrap The Cap?

Post  El Guapo on Wed Oct 13, 2010 8:02 am

THOUSANDS of university students will be saddled with £70,000 debts under plans to scrap the cap on tuition fees.

It would see them paying up to £12,000 a year for courses, plus thousands on rent and living costs.

The Government was deeply divided last night over the proposals from ex-BP chief Lord Browne's review of funding.

Business Secretary Vince Cable said he was ready to raise the existing cap on fees from £3,290 to £7,000.

But with Lib Dem MPs threatening to revolt, he said he was still looking at Lord Browne's proposal to let the best universities charge higher fees.

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The increase is deeply embarrassing for Mr Cable and Deputy Prime Minister Nick Clegg. During the general election campaign, they both vowed to oppose any hike.

Mr Cable admitted the U-turn had left "skidmarks on the road to Westminster".

Under Lord Browne's scheme, the basic tuition fee would rise to around £6,000 a year - but there would be no cap. He said some universities should be free to charge up to £12,000 but they would have to pay a levy to the Government from the extra cash they get.

Graduates would start repaying their loans monthly once they earn more than £21,000.

Lib Dem deputy leader, Simon Hughes, warned that the Browne proposals must not be the "last word" on tuition fees.

Ex-leader Sir Menzies Campbell said he will not break his promise to oppose a rise in fees.

I understand we're trying to reduce the deficit etc but is scrapping the cap on tuition fees really the way to go? I think it will only dissuade many people from going on to higher education. Nobody wants to be saddled with a 70K debt and I can't help but think it will only result in the very well off getting degrees and higher paid employment.

What does everyone else think?

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