|
answer text |
<p>The Institute for Fiscal Studies (IFS) has estimated that abolishing tuition fees
would increase the fiscal deficit for the 2017/18 student cohort by around £11bn,
with the long-term cost of student funding increasing by around £6.5bn.</p><p>The
major reforms to English higher education in 2012 have significantly increased average
per-student funding. Graduates do not start repaying loans until their annual incomes
reach £21,000, and loans are written off after 30 years.</p><p>By enabling English
universities to charge current tuition fees, the Government no longer has to ration
access to higher education via a cap on student numbers. This enables it to offer
more places, including to young people from disadvantaged backgrounds, who are now
going to university at a record rate – they are 43% morelikely to go to university
43%more likely to go to university than they were in 2009.*</p><p>Graduates earn,
on average, substantially more than people with A levels who did not go to university.</p><p>
</p><p>Various pieces of research show that Higher Education graduates earn, on average,
at least £100,000 more over their lifetimes than those without a degree but with 2
or more A-Levels. The most recent BIS commissioned research shows that, on average,
a male graduate could expect to earn £170,000 more and a female graduate £250,000
more over their lifetimes, than someone without a degree but with 2 or more A-levels,
net of tax and other costs (2012 prices).</p><p>Abolishing tuition fees would be socially
regressive: as well as unfairly burdening the general taxpayer, it would benefit mainly
those students going on to well-paid jobs, who repay their loans in full.</p><p>*<a
href="https://publications.parliament.uk/pa/ld201617/ldselect/ldsecleg/92/9207.htm"
target="_blank">https://publications.parliament.uk/pa/ld201617/ldselect/ldsecleg/92/9207.htm</a></p><p>
</p><p> </p>
|
|