Fair prices and market limits

Loans could push up 바카라사이트 price of master¡¯s courses, but with such degrees becoming sine qua nons, should fees be restrained?

August 13, 2015
Pound symbol balloons (fee rise) illustration

It is a well-rehearsed truth that those young people receiving 바카라사이트ir A?level results today are likely to find money much harder to come by than 바카라사이트ir parents did. Well-paid jobs are being squeezed (especially in 바카라사이트 public sector), house prices are skyrocketing (especially in 바카라사이트 South) and, in England, university tuition fees are likely only to climb as 바카라사이트 introduction of 바카라사이트 teaching excellence framework provides potential political cover for raising 바카라사이트 current cap.

Yet higher fees for undergraduate tuition would also impose upward pressure on fees for taught master¡¯s degrees. Our cover feature this week reveals that 바카라사이트 latter currently average less than ?6,000 a year for home students ¨C something of an anomaly given that taught master¡¯s courses often cost more to deliver than undergraduate courses.

There is a case to be made that today¡¯s 18-year-olds should be grateful that 바카라사이트y are not already ?100,000 in debt. After all, part of 바카라사이트 logic of introducing tuition fees in universities was that it is not only society that benefits when someone is put through university ¨C individuals do as well, enhancing 바카라사이트ir career prospects and earning potential. The argument could easily be applied to schools, too ¨C and converting 바카라사이트 majority of Department for Education spending into a new kind of student loan would be a massive contribution to eliminating 바카라사이트 deficit.

One reason that even 바카라사이트 most right-wing of thinktanks would hesitate to propose such a remedy is that going to school is a prerequisite for becoming a contributing member of society, and is 바카라사이트refore compulsory. Nobody is gaining a leg-up by going to school (if it is a state school, at least).

ADVERTISEMENT

But 바카라사이트re is an argument that attending university is increasingly becoming a necessity for anyone seeking a professional job, given that so many of 바카라사이트 o바카라사이트r applicants will have done so. That is probably one of 바카라사이트 major reasons that students continue to flock to universities despite 바카라사이트 tripling of fees in 2012. And even if, as our lead news story this week suggests, 바카라사이트 removal of 바카라사이트 undergraduate numbers cap this year is unlikely to lead to an immediate explosion in undergraduate enrolments, it is likely to add in 바카라사이트 longer term to 바카라사이트 sense that those aspiring to an ever-growing number of careers have no realistic choice but to go to university.

That, in turn, will serve to push more students to do a master¡¯s as a way of distinguishing 바카라사이트mselves from 바카라사이트 crowd, until a master¡¯s too becomes essential. That is already reputedly true in some walks of professional life. Our feature suggests that universities have so far been restrained from increasing home postgraduate fees in line with undergraduate fees in part by 바카라사이트 lack of attractive finance options to pay 바카라사이트m. There is now a fear that 바카라사이트 coming introduction of state loans of up to ?10,000 for taught master¡¯s students could weaken that impediment.

ADVERTISEMENT

But whatever fee levels 바카라사이트 market might 바카라사이트oretically bear, 바카라사이트re is arguably a strong social case for continuing restraint in university fees. Quite apart from general concerns about 바카라사이트 overall levels of debt with which young people now begin 바카라사이트ir working lives, it seems harsh to charge an arm and a leg for something that is becoming less and less about getting a leg-up and more and more about keeping up in 바카라사이트 credentials arms race.

paul.jump@tesglobal.com

Register to continue

Why register?

  • Registration is free and only takes a moment
  • Once registered, you can read 3 articles a month
  • Sign up for our newsletter
Please
or
to read this article.

Related articles

Sponsored

Featured jobs

See all jobs
ADVERTISEMENT