Labour’s Student Finance Policy Criticised by David Willets
(United Kingdom - December 2011) As the nation’s ultimate source of student finance news, Student Money Saver has been quick to applaud the University Minister David Willetts’ criticism of Labours plans for student finance. The MP has said that a Labour shake-up of higher education finance would result in a dramatic drop in grants and bursaries for the more deprived undergraduates.
The minister continued by stating that the proposed changes also risks penalising the universities themselves as they will not see the benefits of the reforms for a long time. He fears that this would force the Government to make yet more cuts – a measure that would seemingly be unthinkable.
Ed Miliband had sensationally announced that he would cut student tuition fees by a third if Labour were to win the next general election. The comments spurred David Willets to write a letter to Shabana Mahmood, the shadow higher education minister, in order to convey his fears.
As any Student Money Saver reader will be well aware, undergraduates in England will be charged up to £9,000 from the start of the next academic year. Mr Miliband has challenged this by promising to get this threshold reduced by a third to £6,000 – surely music to the ears of students and parents alike currently going through secondary education.
Mr Willetts has however said that the proposals were “deeply muddled” and risked leaving the poorest students in a worse situation yet.
For more on this or any of the other relevant student money offers are encouraged to head over to www.studentmoneysaver.com today.
As the nation’s ultimate source of student finance news, Student Money Saver has been quick to applaud the University Minister David Willetts’ criticism of Labours plans for student finance.
Student Money Saver