University fees to increase from September 2025

[OhCrumbsWhereNow]

Just announced.

And looks like a complete overhaul coming.

https://www.telegraph.co.uk/news/2024/11/04/raise-university-tuition-fees-2025-starmer/

I’m not surprised with the fall in international students coming to the UK due to the changes in visa rules, coupled with inflation. My own institution had a redundancy programme last year and voluntary severance

“And looks like a complete overhaul coming.” And that means what exactly?

If the fees become means tested I will be sending my remaining 2 abroad to study for free where they will likely remain long term and contribute to that economy. I do not mind paying a bit more to account for inflation, but if it affects my own pension or retirement etc further, we are out.

Martin Lewis has just released some info on this on his Facebook channel just to calm any hysteria. Only those that pay it all back will be affected. Otherwise there is no change to students - it’s 9% of your salary over the threshold for 40 years regardless. He pointed out that the previous governments policy of moving from 30 to 40 years for repayment was much more impactful.

https://www.gov.uk/government/publications/lifelong-learning-entitlement-tuition-fee-limits/tuition-fee-limits-in-the-lifelong-learning-entitlement

You're lucky you have that choice. I'll be doing the same with my last one but not because of this. I'm keen for my kids to move away from the UK. I'd be glad if my kids got out now and went elsewhere. I feel the UK is going downhill rapidly. Why would you want them to stay?

Well Stammer campaigned in 2020 that Labour would scrap fees. And the (now) education secretary said graduates would be paying less.
Raising (or scrapping) fees was not part of their manifesto this time round but he declared the current funding doesn't work for the students, university or the taxpayer. Guess like the promise not to raise taxes, they realised how unworkable these claims are in reality.

“Martin Lewis has just released some info on this on his Facebook channel just to calm any hysteria. Only those that pay it all back will be affected. Otherwise there is no change to students - it’s 9% of your salary over the threshold for 40 years regardless. He pointed out that the previous governments policy of moving from 30 to 40 years for repayment was much more impactful.”

Why would I want my DC to pay 49% tax or even 54% if they can go study elsewhere for free and pay less tax and have a better quality of life? So that they can tick boxes. Taxes are already too high for the higher earners in this country. Do they think people will just sign up to this? Won’t people either just pay upfront if they can for their DC or send them elsewhere if they have any options at all? We are lucky to have 3 different nationalities for DC and could potentially get a 4th. Where we live in London a lot of our friends’ DC are just like that. People are not as trapped here as they won’t us to believe.

As they want us to believe that is. This is another demographic timebomb.

I’m not a massive Kemi fan but I do think there’s something in what she says about how expansion of higher education has led to an expansion in the number of jobs that now require a degree even though technically, they don’t, in that people don’t need the knowledge of a degree to start these careers at entry level and succeed in them.

It needs an overhaul. There need to be other, structured routes to training and development. The maths increasingly just doesn’t work when you compare earnings to the amount invested to achieve those earnings.

Perhaps because not everyone is in the privileged position in the first place to up sticks and leave WITHOUT already having a solid education behind them.

Well students aren't working people are they. Not sure what else they would expect...

I would do the same.

The hysteria or the outrage of people who found out late KS is a con?

Look 9 per cent extra tax means you won’t get a mortgage! So no hope of getting on the housing ladder even for higher earners. Anyone considered that? How is the next generation going to have children?

How is this going to mean more students go to uni? Really? How is this going to help the uni sector? Numbers of students going was already going down long term? So their answer is: what the Tories did is worse aka 40 year loans but don’t worry, it will only affect you IF you do well. What a con!

The greedy universities and the failing ones need to sort themselves out. Vice Chancellor in my DS one was paid over £450k plus grace and favour house.

Of course I have. But that’s not a change from the previous government policy.

Sounds like an old fashioned incentive to make all parents who have any cash pay for their DCs uni so the Government does not have to incur any debt on their behalf.

Blimey - its worse at Exeter

Exeter's Vice-Chancellor earned the largest sum at £584,000.

“Of course I have. But that’s not a change from the previous government policy.“

Labour are meant to be better for the young than the Tories!

Eh? There's no change in the 9%. Do you really think no one who graduated in the last 12 years will be able to get a mortgage?

Thank fuck fees are finally going up is all I can say. It isn't by enough though, and will be too late for some unis.

Aren’t you a Tory supporter? I seem to recall your threads before.

At leat you admit the previous government are worse I suppose.

The student loan repayments are a drain but don't prevent you getting a mortgage.
Hasn't affected my DC who both bought houses in their mid 20s, both earn mid range salaries but don't live in the SE. Both pay a sizeable chunk of SL each month at 9%. One if not both will repay the loan just short of the term.

Agree it's a lot - but Exeter has an income of £3/4 billion - the VC's salary is 0.0008% of that. And they are one of the most successful unis in the UK.

Or shouldn't we reward success? Seems to be a funny British thing somehow - resenting success.

No, Lib Dem supporter.