Promise of More Undergraduate Places Makes Universities Consider Fee Cuts

Student Money Saver can reveal that at least 12 universities are considering cutting their tuition fees to under £9,000.  Ministers have told universities that they can bid for more undergraduate laces if fees are substantially less than the agreed £9,000.

(United Kingdom – 16th September 2011) Student Money Saver can reveal that at least 12 universities are considering cutting their tuition fees to under £9,000.  Ministers have told universities that they can bid for more undergraduate laces if fees are substantially less than the agreed £9,000.

When the £9,000 rising tuition fees hit the news, 47 out of 123 UK universities claimed that they would charge the maximum £9,000 a year for studies.  An estimated fee amongst these universities was aimed at £8,393 claimed the Office for Fair Access.

After a recent white paper report, at least 10 universities have agreed to pay less than £7,500 for the promise that a bid of at least 20,000 full time undergraduate places can be made next year.  Business secretary, Vince Cable has also said that this figure will increase in the future.

The National Union of Students has asked the government to reconsider its changes to student finance and instead make more of the additional fee income available to students through bursaries.

Students who choose to go to universities charging the maximum amount will be able to borrow the money from the student loans company as they do now.  The repayments will not start until graduates are earning at least £21,000, a rise on the current £15,000.

For more information on the rise in tuition fees and student money news, visit StudentMoneySaver.com. 

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