Details to be announced in Autumn Budget – Full article here – http://www.independent.co.uk/news/uk/politics/government-reduce-tuition-fees-7500-autumn-budget-philip-hammond-a7951081.html
Cuts to tuition fees that would save students at least £5,000 over a three-year course are being considered by the Chancellor, it has been reported.
Philip Hammond is looking at capping annual charges at £7,500 instead of the current level of £9,250, according to The Sunday Times.
Currently, universities charge £9,250 for courses in arts and humanities, the same price as those which are more expensive to run, such as the sciences.
Differing fees for different subjects could also be introduced and may depend on the course’s employment rate, the paper reported.
Capping interest rates on student loans and increasing the salary threshold for their repayment is also being considered. The proposals will be revealed in full by Chancellor Philip Hammond as part of the Autumn Budget, it is believed.
Qualifi points out that even if the University tuition fee is capped at £7,500 per annum, there is a better value for money proposition in the form of Qualifi regulated qualifications at level 4 and level 5 that are Student Loan Company recognised, qualifications that provide access to final year Top Up honours degree. A vocationally related qualification model that is more cost-effective as well as flexible than the traditional 3-year university study route.