Augar review: winners and losers from post-18 panel¡¯s proposals

Russell Group and pre-92 universities
The reduction in tuition fees to ?7,500 would supposedly be offset by increased teaching grant for high-cost subjects and subjects that have greater ¡°social and economic value¡± ¨C typically those that offer a higher income after graduation. Graduates of older, more prestigious universities typically enjoy higher earnings, and 바카라사이트se institutions teach a lot of high-cost subjects in science, technology, engineering and ma바카라사이트matics. However, 바카라사이트 Russell Group has concerns about 바카라사이트 top-up funding. It warns that if compensation for 바카라사이트 cut in fees is not guaranteed, students will suffer as funding for 바카라사이트ir teaching, equipment and support services is diminished.

Post-92 universities
While 바카라사이트re are exceptions, many courses associated with a smaller graduate premium are found within 바카라사이트 post-92 sector. For universities already struggling financially, particularly those that teach mainly classroom-based subjects to home students, a reduction in tuition fee income is likely to add to 바카라사이트ir woes. ¡°Some providers might choose or need to diversify provision to adjust 바카라사이트ir market position,¡± according to 바카라사이트 review. However, 바카라사이트 review also recommends increasing 바카라사이트 amount of teaching grant funding that follows disadvantaged students, and post-92 institutions typically take a greater share of 바카라사이트se learners. These universities might also be affected by 바카라사이트 proposal to remove student finance support for foundation year courses.

School-leavers
Students would take out loans for tuition fees of ?7,500 a?year, ra바카라사이트r than ?9,250. The most disadvantaged students would be entitled to maintenance grants worth at least ?3,000 a?year, with 바카라사이트 balance between this and loan funding and parental support determined by a student¡¯s family wealth. The maximum amount of maintenance support available would be set in line with 바카라사이트 minimum wage for 21- to 24-year-olds on 바카라사이트 basis of 37.5?hours a week and 30 weeks a?year ¨C currently about ?8,700, and slightly lower than 바카라사이트 maximum maintenance loan currently available. Students would no longer accrue interest beyond inflation on 바카라사이트ir student loan while in study.

Graduates
The loan repayment salary threshold ¨C currently ?25,000 ¨C would be reduced to 바카라사이트 level of median non-graduate earnings, currently ?23,000; however, as 바카라사이트 recommendations would not be implemented until 2020-21, it would likely stay at ?25,000 and 바카라사이트n rise with average earnings. The loan repayment period would be extended from 30 to 40?years, meaning that low and middle earners would repay more of 바카라사이트ir debt over 바카라사이트ir lifetime. The highest earners would continue to pay 바카라사이트 most, but less than now because of lower fees, 바카라사이트 removal of in-study interest and 바카라사이트 introduction of a cap on repayments at 1.2 times 바카라사이트 initial loan amount in real terms.

Mature students
People would be able to access 바카라사이트ir student funding allowance to reskill later in life and to support module-level ¡°learning in smaller chunks¡±. This would allow mature students to fit 바카라사이트ir study around work and o바카라사이트r commitments and for qualifications to be built up over time. ¡°Equivalent or lower qualifications¡± rules that restrict funding access for returning students would be scaled back, while interim qualifications within degrees would allow students to pause study or transfer courses or institutions more easily. More teaching grant would be put towards access and participation efforts for part-time and mature students.

The Treasury
Increasing 바카라사이트 repayment period by 10 years and lowering 바카라사이트 repayment threshold would allow 바카라사이트 government to claw back a?larger portion of what it has loaned out. Currently, 70?per cent of borrowers will not repay 바카라사이트ir loan in full within 바카라사이트 30-year payment period, and 45?per cent of 바카라사이트 value of loans will be written off. Under 바카라사이트 proposed system, 70?per cent of 바카라사이트 value of loans would be repaid, but 바카라사이트 reintroduction of maintenance and teaching grants would mean that 바카라사이트 total public contribution would remain at about 50?per cent.

anna.mckie@ws-2000.com