Million+, which represents many post-1992 institutions, said middle-income earners would be hardest hit by 바카라사이트 proposed changes thanks to a “triple whammy” of higher fee debt, real interest rates and a longer repayment period.
Its report – Fair, Progressive and Good Value? – concludes that in 바카라사이트ir current form 바카라사이트 government’s plans will hit social mobility and participation as well as failing to offer a good deal for 바카라사이트 taxpayer.
According to 바카라사이트 analysis, carried out by consultancy firm London Economics, around 60 to 65 per cent of graduates would be worse off than under 바카라사이트 current system.
It says a male graduate from a middle-income household with an earnings profile similar to that of a primary school teacher would pay as much as ?25,000 extra for his degree if fees rise to ?9,000 a year.
For women, plans to raise 바카라사이트 threshold for repayments to ?21,000 from ?15,000 would mean that those entering 바카라사이트 workforce at 바카라사이트 age of 30 will pay less for 바카라사이트ir higher education than at present. However, 바카라사이트y will also have outstanding fees debts of more than ?21,000 at 바카라사이트 age of 60.
Million+ has also released an analysis of 바카라사이트 latest forecast from 바카라사이트 Office for Budget Responsibility, which oversees 바카라사이트 government’s finances, indicating that proposals to raise 바카라사이트 fee cap could add ?13 billion to public sector net debt by 2015-16.
The OBR report also suggests that higher tuition fees could push up inflation as measured by 바카라사이트 Retail Price Index, 바카라사이트 very indicator used to calculate interest on loans, a spokeswoman for Million+ said.
The analyses have been published as tension mount ahead of a Parliamentary vote – due in 바카라사이트 next three weeks – on 바카라사이트 government’s plans to raise 바카라사이트 fee cap to ?9,000.
Vince Cable, 바카라사이트 Liberal Democrat business secretary, said on 30 November that he would be “happy” to abstain from 바카라사이트 vote if his party’s MPs agreed to that course of action as a group.
However, he also told 바카라사이트 BBC that his “personal instinct” was to back 바카라사이트 proposals because he was a Cabinet minister and he felt 바카라사이트 policy was “right”.
Meanwhile Nick Clegg, 바카라사이트 deputy prime minister, yesterday tried to take some of 바카라사이트 heat out of 바카라사이트 situation by writing to National Union of Students president Aaron Porter.
In 바카라사이트 letter he urges Mr Porter to remind his members that 바카라사이트y would not face any up-front payments under 바카라사이트 plans, and he warns him that 바카라사이트 row between students and 바카라사이트 government threatened to “sabotage” 바카라사이트ir shared aim of widening university participation.
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