Ed Miliband has announced that if they are elected, his government will cut university tuition fees by £3,000 per annum from the current £9,000 charged to students.
Labour is set to stage a raid on pension tax relief to fund a cut in student tuition fees to £6,000 a year.
Critics have said it will only help better off students and many universities have said they will have to apply to the government for more funding. The extra cost to the government would be about £2.7 billion and Labour have announced that this will come from extra taxes on wealthier people saving for their pensions. It will do this by cutting back the amount people are able to pay annually and during their lifetime into their pension and still qualify for tax relief.
For Silversurfers higher education used to be free and Labour actually introduced university tuition fees in 2001 and then increased them in 2005. Since then the current coalition have increased them to £9,000. While there were worries that poorer students would stop going to university this has proved unfounded with more students at university than ever before.
What do you think? Should university fees be cut by £3,000 per annum with the amount paid by with extra taxes on the wealthy saving for pensions?
However foreign students who wish to be educated here should pay, as UK students wishing to be educated abroad have to.
There are many alternative ways of funding Universities.
go fund yourselves. Which subjects are most likely to lead to employment, and which arenot. We need to have more apprenticeships for young people to learn a trade when they leave school. Instead of being on the dole, work with a skilled tradesman and learn something.