MoneySavingExpert has a guide to understanding the new fees and loans system for 2012/13 and it’s worth checking that rather than worry about the figures in isolation.
The figures sound scary, but the reality is different. Whether you agree with it or not is a different matter.
There are underlying issues that could arise due to the government selling off loans in the future, but hopefully it won’t be something we need to cover. If you do want to read more about the sale of student loans, check out Part 3 of Andrew McGettigan’s report, “False Accounting? Why the government’s Higher Education reforms don’t add up” [PDF]. It’s also worth reading McGettigan’s recent post on finances at his blog, Critical Education.
Now on to the fees announcement.
The Office for Fair Access (OFFA) has published details of university fees for 2013/14. The fees are even closer to the £9,000 cap than they already were for 2012/13, when the new fees come into play. FT’s data blog lists the full 2012/13 fees.
After financial support from all areas is taken into consideration, the estimated average fee for 2013/14 is set to be £7,898.
That’s once everything is taken into account. A potential difference of £1,102 between the adjusted average and the absolute maximum fee. Not exactly the suggested ‘market’ that was touted.
A yearly fee above £6,000 was supposed to be the exception. Many HE commentators weren’t convinced. In November 2010, I suggested that we should “expect to see the cap become the price“. It hasn’t taken long.
In March 2011, I acknowledged that finances and access agreements cannot be worked out in any short-term plan:
“It seems that, even without any changes to the proposed fees system in coming years, it’s going to take a couple of runs through the process before we get a true picture of what’s happening.” [Source]
The new fees regime for 2012/13 hasn’t even begun and the next year of fees has been set. Clearing doesn’t start for a couple of weeks, and that’s set to be different to previous years. Salford VC, Martin Hall, says that clearing is “no longer a mopping-up opportunity for those who didn’t get their expected grades to find a spare place”.
This is just the start.
It’s understandable that fees have long been the big talking point surrounding higher education since the changes were announced. Sadly, that’s been to the detriment of other HE discussions. Postgraduates, institutional diversity, student engagement, the loans system and its future, public perceptions and engagement with HE…There is so much to talk about. It’s as if fees talk got in the way of other conversations. Well, unless you were more directly involved or particularly keen on HE policy and wonk-talk!
For applicants, there is still little reason to limit choices based on tuition fees other than the occasional exception. In general, the slight differences are less important than other considerations. The new fees system was billed to give students greater choice. People would vote with their feet and not accept unreasonably high fees as a matter of course.
With fees set so close to the cap, where will those feet tread?
Many considerations are needed when making university choices. It depends on each person and why they wish to attend (including whether or not to attend at all). I’ve got a list of 50 things to think about for uni decisions. It’s not exhaustive, because that’s not possible.
Fees may not be so important in choices right now, but bursaries are still worth researching. Bursaries make an immediate impact, unlike fee waivers, because the money goes directly to the student. Prospective students should make sure they know what bursaries are available to them.
Some institutions may find new reasons to set very different fees once we’re a year or two into the new system. There’s no way to accurately foretell this because there are no direct comparisons. Also, any additional policy changes change the situation once more. And there’s still a lot of room for that to happen.
However, as things currently stand, it’s clear that fees are sitting firmly around that £9k cap. Who’da thunk it?