The cap is around £3300. The government now wants to let universities charge market rates, although there will be penalties for charging more than £7000. The shortfall will be made up by governmental student loans, paid as a percentage of income once income rises above a certain level, currently £15,000 but possibly rising to £21,000, for a maximum of 25 years (likely to be changed to 30).
You are not allowed to pay these loans early- it’s treated like a payroll tax.
That’s strange. So they are for market forces in pricing, but against market forces in repayment? Bad combination.
I suspect that if people paid what their education was truly worth that the cost would come down considerably. Get rid of all the folks at the trough, the unionised folks, etc. and you might have enough left over to actually educate people.
I can tutor a student one on one for about one percent what they pay in tuition for a year at the top schools. And I get results. So why does it cost so much for a class?