Why exactly are we now paying unis such massive tuition fees? I imagine they make a profit on students now, which seems wrong.
I wish people understood the actual FACTS. 80% of public funding for universities has been withdrawn. Public funds to universities now only go to "helping" STEM subjects (Science, Technology, Engineering,Mathematics) fund themselves.
So universities have NO MORE money than they ever had ... what has happened is that instead of funding for university teaching coming from general taxation revenue, it is now raised from the students themselves.
In the discipline I teach, our running costs per student were just under £9,000 per student per year. For some disciplines, such as Medicine, the running costs were more like £12-15,000 per student per year.
THE ONLY DIFFERENCE is that the money now comes from fees charged to students doing the studying rather than taxation.
As an academic, politically I think the whole thing stinks, and will backfire on the government in a half a generation's time when they won't have enough highly-trained skilled people to keep this country going. But then I didn't vote Tory or LibDem, not send my child to a fee-paying school ...
However, to equate fees paid to contact hours received is the wrong way to think about a university education. Fees also pay for: buildings, libraries, books, facilities, bursaries, student welfare, counselling & disability services. They subsidise residences, the public arts and culture to be found in a university (which become part of the general educative experience of most students), sports facilities, bursaries for internships, and so on, and on and on.
Indeed, to equate university education simply to contact hours is the wrong way to think about it. University is not school.
In my area of the humanities, my undergrads often have lengthy texts to read, and a large amount of background reading. My courses are designed so that for every hour in a seminar, they have at least 3 hours' preparation. So 10 hours of seminars per week need 30 hours of prep = 40 hours. What would you like to happen in higher contact hours? Should I sit in a lecture theatre doing my work (ie writing the books that will become their textbooks and reference works) while they all read next week's reading? We could do that for 8 hours and it would count as contact hours in the Government's Key Information data. But it would be a waste of my time and I can guess how many undergrads would actually turn up.
They may not tell their parents this (my DS certainly never admitted this to me!) but very few undergrads actually attend all the contact hours they're supposed to now. I invite them to personal tutorials (an hour one to one every term for all 40 of my personal tutees) and maybe a quarter of them turn up. I have two office hours per week where I have to be in my office for anyone to drop in. Rarely if ever does any student come to see me. So I'm a bit sceptical about this "more contact hours" call -- seems to me, that as soon as we treat education like a commodity, we're doomed.