A large part of the financial return to the average student arises out of the loss the government makes on student loans.
The savings for the taxpayer could be used to boost training opportunities for other young people.
This establishment panel will not challenge inefficiency. Parents and business are not represented. Colleges need an incentive to provide a better deal.
All the risks of the regime fall presently to students and taxpayers. Not only is this unfair and morally questionable, but it leads directly to undesirable outcomes.
Our university system is not producing enough at present, and the Government’s proposed reforms threaten to produce even fewer.
The new white paper rests on three serious fallacies.
The college was acting consistently with the Government’s policy aim. But it’s alumni, not students, that are universities’ customers.
In reality, it’s graduates who fund universities – and graduates who really know what makes for a good education.
The “experts” charged with deciding whether Universities deserve a fee increase will be shooting in the dark. The real ones that need to be consulted are employers.
One of its benefits? It aligns the universities’ interests with their students’ – rather than with what politicians want.