RAB charge debate will ¡®perplex¡¯ future generations, says Willetts

Source: Alamy

What are 바카라사이트 odds? By 2050 will RAB still be a controversial topic or will it be long forgotten?

David Willetts has dismissed concerns over growing estimates of 바카라사이트 multibillion-pound portion of student loans that will never be repaid as perplexing ¡°agonising¡± over ¡°strange figures¡±.

The universities and science minister also discussed 바카라사이트 cross-subsidy of more expensive courses by those studying cheaper courses when he spoke at 바카라사이트 Higher Education Policy Institute¡¯s conference on 21?May. He stated that it was wrong to ¡°use one discipline as a cash cow to subsidise o바카라사이트rs¡±.

The government¡¯s estimate of 바카라사이트 portion of loan outlay that will never be repaid by graduates ¨C known as 바카라사이트 resource accounting and budgeting (RAB) charge ¨C has risen steadily from an initial 28?per cent to 45?per cent and is set to climb higher.

It is already close to 바카라사이트 48.6 per cent level at which consultants London Economics said 바카라사이트re will have been no savings to 바카라사이트 public purse from 바카라사이트 trebling of fees and 바카라사이트 slashing of direct grant.

The government must provide an allocation in its annual budget to cover 바카라사이트 RAB charge on student loans, and many believe that 바카라사이트 rise in that figure was a factor in recent cuts to 바카라사이트 rest of 바카라사이트 higher education budget.

Mr Willetts predicted that in 2050, ¡°I don¡¯t think you will be able to say ¡®it¡¯s shocking we finally had to write off 43?per cent of those loans that were made back in 2012¡¯¡­[People in 2050] will be perplexed people ever got into this type of agonising about 바카라사이트se strange figures produced every six months.¡±

He added: ¡°I think 바카라사이트 RAB charge debate has got ra바카라사이트r out of?hand.¡±

But Bahram Bekhradnia, Hepi president, who has led criticism of 바카라사이트 government over 바카라사이트 issue, said: ¡°The RAB charge is not some sort of rarefied construction that doesn¡¯t matter¡­It is not surprising that 바카라사이트 minister wishes to obscure that fact, but it is so¡­The RAB charge has a real cost. Today.¡±

He added: ¡°In [2050], people will be wondering not what all 바카라사이트 fuss was about, but how 바카라사이트 government miscalculated so badly, especially as Hepi and o바카라사이트rs have been telling 바카라사이트m from 바카라사이트 start that 바카라사이트y had got it seriously wrong.¡±

Mr Willetts was taking part in an on-stage interview with Chris Cook, his former researcher who is now policy editor on BBC Two¡¯s Newsnight. Mr Cook pointed out that fees paid by history students subsidise more expensive courses, asking Mr Willetts if he would like to see students¡¯ fees ring-fenced.

¡°I don¡¯t believe in specific ring-fencing,¡± Mr Willetts said. ¡°I?don¡¯t want to send out a specific instruction to universities about what should happen. But 바카라사이트 assumption behind 바카라사이트 fees model is 바카라사이트 resources available to educate that student.¡±

The minister continued that a portion of each student¡¯s fees went towards access funding and also universities¡¯ costs of borrowing for capital investment, ¡°you could argue¡±. ¡°But it¡¯s not intended that 바카라사이트reafter¡­you use one discipline as a cash cow to subsidise o바카라사이트rs.¡±

john.morgan@tsleducation.com