Britain gives universities green light to triple fees
Published 04/11/2010 | 05:00
BRITAIN gave the green light to the most radical shake-up of higher education finance in its history yesterday, allowing universities to triple their fees to £9,000 (€10,250) a year.
The move prompted claims that it would lead to a two-tier university system, with disadvantaged school leavers being priced out of certain courses.
Doctors also warned that medical students would face debts of £70,000 (€79,000) on leaving university.
University lecturers' leaders also pointed out that graduates' tax bills would rise by 20pc once they had reached a salary of £21,000 a year, which is when repayments kick in.
Under the proposals, there will be a new minimum fee of £6,000 (€6,832) for universities -- although they will be able to charge up to £9,000 a year in "exceptional circumstances".
Universities Secretary David Willetts said such circumstances would apply to elite universities such as Oxford and Cambridge which are trying to compete with US institutions. (© Independent News Service)