ERIC Number: ED592398
Record Type: Non-Journal
Publication Date: 2017-Nov
Pages: 29
Abstractor: ERIC
ISBN: N/A
ISSN: N/A
EISSN: N/A
Fairer Fees: Reforming Student Finance to Increase Fairness and Widen Access
Cullinane, Carl; Montacute, Rebecca
Sutton Trust
Analysis from London Economics for the Sutton Trust shows that the reforms to student finance introduced in October will reduce student loan repayments for graduates by £8,000. However, the report raises concern that these changes do not go far enough to tackle the problems of high student debt and its consequences for both graduates and the Exchequer. To address this, "Fairer Fees," assesses a new model of student finance that would use a sliding scale of means-tested fees and reintroduce maintenance grants, to tackle fairness and widen access to higher education. By implementing these measures, which would incur similar costs to the Exchequer as October's reforms, the average fee would be reduced by almost two-thirds, student debt would be cut in half, and resources would be targeted at those who need it most. This would bring down costs for the majority of students, while maintaining contributions from those who benefit most from university education. [The analytical modelling contained in this report was undertaken by London Economics.]
Descriptors: Student Financial Aid, Student Loan Programs, Access to Education, Debt (Financial), Student Costs, College Students, Finance Reform, Loan Repayment, Foreign Countries, Tuition, Educational Policy
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Publication Type: Reports - Evaluative; Numerical/Quantitative Data
Education Level: Higher Education; Postsecondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: Sutton Trust (England)
Identifiers - Location: United Kingdom (England)
Grant or Contract Numbers: N/A