Lord Browne has announced that the current university fee system is due to be altered to benefit universities. This would see the current cap on tuition fees become lifted, allowing universities to choose the fees they charge their students. Most univerisites are due to increase their fees from £3,290 a year to a possible £7,000. The more prestigious universities, such as the University of Cambridge and the University of Oxford, are also planning to increase their fees to an even higher rate of between £10,000 and £12,000. This plan is aiming to help increase the universities income so that they could provide better teaching and research resources for the students.
These new plans may deter many students from attending university as they fear that they cannot afford to attend or they do not think that they will be able to repay the £30,000 of debt they will have at the end of their degrees. It may also result in fewer students leaving their family home for university, so that they can attend university, whilst not having to pay for accommodation and may also be able to have a part-time job.
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