Miliband To Unveil Tuition Fee Cut Promise

Written By Unknown on Jumat, 27 Februari 2015 | 18.54

By Faisal Islam, Political Editor

Ed Miliband will today outline Labour's election promise to reduce tuition fees - rolling back some of the increase which was implemented by the coalition.

Under the party's plans, the cap on undergraduate fees would be reduced from £9,000 to £6,000 per year.

Mr Miliband first expressed aspirations of introducing this policy in 2011 - and the shadow cabinet minister responsible for realising it, Chuka Umunna, described the process as "long and tortuous".

At an audience with students in Leeds, the Labour leader will say: "We all know that under David Cameron and Nick Clegg, the fee cap for full-time undergraduates was trebled to £9,000 per year.

"With most universities charging close to the maximum, graduates now leave university with more than £44,000 debt on average.

"My generation would never have imagined beginning our adult life with that amount of debt. But this Government expects it of this generation."

The Labour leader will publish a "zero-based review" of Higher Education, arguing that students cannot afford to repay fees, leading to a ballooning burden for the taxpayer, much of which will have to be written off.

"The Government has designed a system which is burdening students with debt today, and set to weigh down the taxpayer with more debt tomorrow. Much of this money will never be paid back," he will add.

"By the late 2040s, student loan write-offs will be hitting £21bn a year - almost double the entire cost of police services in England and Wales. It must go down as one of the most expensive broken promises in history."

But Business Secretary Vince Cable told Sky News: "It's an absolutely terrible idea that will do great harm to universities.

"Its completely unecessary because we have got a good system now where universities are properly funded, students who go there don't pay any cash, they pay back later in life in relation to their income.

"The only people who benefit from the Labour proposal will be future graduates on high incomes - the investment bankers of the future.

"It's a very, very retrograde, regressive step that will undermine  higher education."

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  1. Gallery: Thousands Of Students Join March

    Demonstrators chant slogans during a student rally in central London

The demonstration march was organised by the National Union of Students and was the first national student protest since a series of violent protests against tuition fees two years ago

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