As the government plans to cut higher education funding whilst pushing up the cost of tuition fees, many are left reeling in the wake of the Liberal Democrats’ complete U-Turn on their own manifesto and the worries for the future of higher education itself.
The coalition proposes to cut teaching grants by 80% and to raise tuition fees by nearly triple the current asking price as a “replacement” for the massive cut in education funding. This will leave Universities with around a 40% drop in their guaranteed incomes. But what will be the real repercussions of these proposals?
It essentially means that the funding of university teaching will shift from the taxpayer to the student, thus creating a free market in Uni courses. Continue reading