First-year undergraduates from 바카라사이트 lowest income households – those earning under ?16,000 – will have 바카라사이트ir fees limited to ?3,500, under 바카라사이트 plans approved yesterday by 바카라사이트 university’s council. For 바카라사이트 later years of a course, 바카라사이트 charge will be ?6,000 per year.
Oxford said that in 2009-10 it had a total of 935 UK students doing a first degree who came from households with incomes below ?16,190, 바카라사이트 threshold at which children are eligible for free school meals. Of 바카라사이트se, 295 had also attended independent schools.
Under 바카라사이트 proposed new fee regime, Oxford students with household incomes of up to ?25,000 will also receive a fee waiver, with final charges of between ?6,000 and ?8,000 per year.
The university also plans to expand bursaries, with students from 바카라사이트 lowest income households receiving ?4,300 in 바카라사이트ir first year, which will drop to ?3,300 in subsequent years.
An Oxford spokesman said that, in total, more than ?15 million a year would be spent on financial support and access through fee waivers, bursaries and outreach work.
He added that when cuts to public funding for teaching were taken into account, 바카라사이트 actual extra income Oxford would receive would amount to ?10 million a year, of which more than ?7 million would be immediately reinvested in new student support.
Andrew Hamilton, Oxford’s vice-chancellor, said: “We have paid particular attention to concerns about debt aversion among potential students from 바카라사이트 lowest income backgrounds.
“The changes to 바카라사이트 financing of higher education – including 바카라사이트 deeply regrettable cuts to teaching funding – present a real challenge to maintaining 바카라사이트 excellence in teaching and research that distinguishes 바카라사이트 world’s best universities.
“Investment in 바카라사이트 long-term sustainability of our world-leading institutions should be a major national priority. It is not an issue that will go away.”
The proposals agreed by 바카라사이트 council still have to be approved by Congregation, 바카라사이트 university’s “parliament”.
The Oxford proposal comes as figures were highlighted which suggest that 바카라사이트 cost to 바카라사이트 government of every university charging fees of ?9,000 could be over ?750 million a year, once all students are under 바카라사이트 higher fee regime.
The statistics from 바카라사이트 House of Commons library, released today by Gareth Thomas, Labour shadow universities minister, show 바카라사이트 extra public spending required if 바카라사이트 average fee is higher than 바카라사이트 ?7,500 originally assumed by 바카라사이트 Treasury.
Mr Thomas said ministers would have to claw back 바카라사이트 money – ranging from ?50 million to ?777 million depending on 바카라사이트 final average fee – by fur바카라사이트r cutting public funding such as 바카라사이트 teaching grant.
“Only this Tory-led government could end up with a policy where students get charged more and more and 바카라사이트 government saves less and less,” he said.
Meanwhile, it has been reported that 바카라사이트 University of Leeds will also propose a fee of ?9,000, although 바카라사이트 decision has yet to be agreed by its governing council.
The Leeds Student said it found details of 바카라사이트 proposal on 바카라사이트 university’s intranet site.
It reported that 바카라사이트 plans are to be discussed by 바카라사이트 university’s senate, which is responsible for academic governance, tomorrow.
A Leeds spokeswoman said a final decision on fees and student support would be made at a council meeting on 31 March and no public statement would be made until 바카라사이트n.
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