The prime minister has called for better value for students in England, but has ruled out completely scrapping tuition fees. Theresa May has launched her review of tuition fees and university funding, to be chaired by the author and financier, Philip Augar. Labour has said it would abolish fees and bring back maintenance grants. But Mrs May said scrapping fees would push up taxes and mean limiting the number of university places.
The prime minister, in a speech in Derby, said she remained committed to the principle that students “who benefit directly from higher education should contribute directly towards the cost of it”. Announcing the year-long review of student finance and university funding, Mrs May warned that the system has failed to deliver sufficient competition on price.
Almost all courses are charged at the maximum £9,250 per year and interest rates are up to 6.1%. The prime minister said students in England faced “one of the most expensive systems of university tuition in the world” and “the level of fees charged do not relate to the cost or quality of the course”.
Original Article: http://www.bbc.co.uk/news/education-43106736