The Higher Education Policy Institute (HEPI) warns that the new fees policy will have one or more of the following consequences:
- Future taxpayers will need to pay more.
- Other parts of the higher education budget will need to be cut.
- Student numbers will need to be held down even further than currently planned.
- Former students will have to repay more.
In The Cost of the Government’s Reforms of the Financing of Higher Education, they argue that as student loans are one of the items used to calculate the official inflation rate, the proposals will lead to a rise in the social security budget and therefore increased government spending. More...