Government response to Browne report
The Government has announced plans for major reforms to higher education and student finance.
Key proposals include a rise in tuition fees from £3,290 to £6,000 per year. Universities will be able to charge up to £9,000 per year but must actively demonstrate commitments to open access for all regardless of financial status, and ensure widening participation measures are in place.
Graduates earning up to £21,000 per year would not repay any real interest on loans. Those earning £21,000 and £41,000 per year would be charged a real rate of interest, reaching a maximum of inflation (RPI) plus 3%. Anyone earning over £41,000 per year would repay the full rate of RPI plus 3%.
Read a short summary of the proposals
Read the Department for Business Innovation and Skills (BIS) press release
Read the Higher Education Funding Council for England response
Read the Russell Group response
Posted in: Fees & fundingHigher education news