Thursday, February 11, 2010
Raising student fees without breaking the bank
Further to the comments on universities, funding and students, Philip Booth of the IEA has an article in today's Independent giving his view on how fees can be raised without causing immediate pain to students (link). Essentially, he proposes putting the extra students' fees on top of their student loan, and letting them pay them off through PAYE. This delayed payment would then be an asset for the university against which the institution could borrow, raising funds for expansion and so on. It's not a bad idea, and certainly would allow universities to vary their fees without forcing people to save up immediately.