Labour is poised today to announce the first rise in university tuition fees in eight years, setting them on course to exceed £10,000. The Mail has more.
Amid fears of a growing financial crisis among universities, the Government is expected to unveil a hike in charges for students from September.
Education Secretary Bridget Phillipson is due to make a statement to the House of Commons later this afternoon.
Tuition fees have remained frozen at £9,250 in England since 2017, but university leaders have recently been calling on the Government to help institutions struggling financially.
Due to rampant inflation in recent years, universities have seen the value of domestic tuition fees fall.
This has left them increasingly reliant on foreign students, who can be charged significantly more.
According to the Telegraph, Ms. Phillipson will announce an increase in tuition fees in line with inflation.
Previous hikes in tuition fees have been linked to the inflation measure known as RPIX, which excludes mortgage interest payments.
In a report in June, the Institute for Fiscal Studies think tank suggested that raising the tuition fee cap to match RPIX inflation would see fees rise by 2.1% to £9,450 in 2025 and they would reach £10,500 by 2029. …
The Education Secretary previously said Labour had “no plans” to increase fees.
When he was campaigning to be Labour leader in 2020, Sir Keir Starmer pledged to “support the abolition of tuition fees” but has since rowed back on that promise.
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