British university fees to rise for first time since 2017 to try to fix funding crisis
Sign up now: Get ST's newsletters delivered to your inbox
Nearly half of British universities are expected to record a loss in 2024.
PHOTO: ST FILE
LONDON – The British government announced plans on Nov 4 to raise the cost of university tuition fees for domestic students in England for the first time in eight years, in an attempt to improve the finances of many crisis-hit institutions.
Nearly half of British universities are expected to record a loss in 2024 because of a long freeze in the price of fees and a decline in lucrative overseas postgraduate students following an immigration crackdown by the last government.
Education Minister Bridget Phillipson said the annual cost of tuition fees for domestic students would rise in line with inflation from 2025, the first increase since 2017.
“This government has not hesitated to grip the challenges we face and take the tough decisions,” she told Parliament, adding that fees will rise to £9,535 (S$16,300) in 2025.
Britain boasts some of the most famous and sought-after universities in the world, from Oxford to Cambridge and Imperial College London. Universities say they boost innovation, provide a form of soft power by boosting cultural and commercial ties and help the economy by creating more than 760,000 jobs.
But many face a funding crisis, with some facing closure unless they dramatically cut costs, the sector’s regulator said in May.
Tuition fees for domestic students have increased by only £250 in the past 12 years.
British universities do not have the large endowments enjoyed by colleges in the US. But the idea of raising fees is politically controversial over concerns it could prevent poorer students from attending university.
Only 9 per cent of people in Britain support an increase in tuition fees, YouGov found in October.
When British Prime Minister Keir Starmer, who won a landslide election victory in the summer, was running to be Labour leader in 2020 he called for university tuition fees to be abolished. But he dropped that position when his party was ahead in the opinion polls.
Labour is under pressure after announcing big increases in tax and spending to fund public services. One opinion poll over the weekend showed Labour had lost its lead over the Conservative Party for the first time in three years. REUTERS
