The Coalition’s £9,000-a-year tuition fee hike could cost taxpayers more than the scheme it replaced, a think-tank has warned. A £1bn-a-year “black hole” in university funding shows that the rushed tuition fee reforms are coming back to haunt both the Lib Dems and the Tories, despite all their claims that the reforms would save the country money.
The Higher Education Policy Institute (HEPI) says that the government “seriously understated” the cost of its higher education reforms and will either have to implement drastic cuts to student numbers or ask graduates to make higher repayments – a result that will deeply embarrass the Lib Dems.
So as well as having an impact on social mobility, lumping a lifetime of debt on future graduates and deterring future students from attending higher education, the drastic cuts to higher education will actually end up costing taxpayers more in the long run. However, this was clear from the start, and it has often been said that you do not cut public spending in a recession. This government’s policies may reduce debt in the short run, but in the longer-term the “austerity” programs may lead to irreparable damage to the public sector, to education, and to the UK as a whole.
None of this is new, however. A report published in 2010 stated that with state funding for University teaching being cut by a monumental 80% by 2014-15, the government will have to borrow more to fund the higher loans and pick up a bigger bill for those debts “written off” after 30 years; The report argued this will leave taxpayers worse off.
This is what happens when austerity reforms are pushed through as legislation before MP’s have had a chance to properly review and debate the proposals. The student protests of 2010 fell on deaf ears. It’s clear that either the Coalition MP’s who passed this legislation were either so short-sighted, they could not see the implications of their reforms, or the reforms themselves were ideologically-driven. But the Tories are anything but ideologically-driven, right?
- £1bn-a-year “black hole” in university funding revealed (independent.co.uk)
- Why higher tuition fees have left a £1bn-a-year black hole (newstatesman.com)
- Nick Clegg: I’m sorry for breaking tuition fee promise (independent.co.uk)
- Clegg is still misleading voters over tuition fees (newstatesman.com)