Oxbridge could charge £16,000 in tuition fees under new Government plans

Oxford and Cambridge argue that current tuition fees do not cover costs, according to MP David Willets

Oxford and Cambridge universities could charge tuition fees of up to £16,000 a year in return for taking on student loan debtsunder plans being considered for the Conservative Party manifesto, according to the former higher education minister. The proposal would see graduates earning above £21,000 a year repay their loans to their alma mater, rather than the Treasury. MP David Willets said he had explored the idea with dozens of the UK’s top universities, and asked them to consider whether they would want to buy their students’ loan debts in return for a rise in fees. Both of the prestigious institutions said their teaching methods were putting them out of pocket, and they would require £16,000 in order to pay for teaching students in small groups within the expensive college system. Read Full Article

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