"Is a university education in this country really worth £44,000, and how
does our system compare to higher education funding elsewhere?" notes Tim Wigmore, contributing writer to the New Statesman.
|Photo: New Statesman|
England has long sneered at American universities and their exorbitant fees. It cannot do so any longer: England is now a more expensive country to study than the US, and is easily the most expensive of eight Anglophone countries – the four UK nations, Australia, Canada, New Zealand and the US – analysed in a new Sutton Trust report. English students graduating from last year left university with an average of £44,000 in debt – £15,000 more than Americans studying at for-profit universities across the pond.
Why do English students have it so much worse than other students in the UK? There are two answers. The first is the government's decision in 2010 to shift much of the cost of university from the general taxpayer to the beneficiaries: the students themselves. The second answer is devolution. The devolved governments in Northern Ireland, Scotland and Wales have made political choices to differentiate themselves from Westminster by prioritising keeping fees down – even when, as in Scotland, the effect is to benefit middle-class students at the expense of disadvantaged ones. Students in Wales who study in England are eligible for generous grants, meaning they pay less than £4,000 a year rather than up to £9,000. Those studying in Northern Ireland have their fees capped at £3,925.
Even England's £9,000 fees are puny set against those at elite American universities. In 2016/17 annual, tuition fees at Harvard are $59,550 and, when all else is accounted for, Harvard reckon each year costs students $88,600. But such exorbitant numbers are not the real story. About 60% of Harvard students receive the Harvard Scholarship: a microcosm of how US students benefit from a culture of graduates giving endowents to their old universities that is still lacking in England. Scholarships and bursaries at universities in the US are far more generous than in other countries. And those who go to public universities within their own state pay far less: those graduating after four years leave with an average debt of only US$27,100 [£19,100]. This is why the average debt of US graduates is now considerably less than in England. But those who berate that even America now has a more benign system for students than England should not be so hasty. The majority of US loans are not income contingent, meaning that low earners who are already struggling still have to pay.
Source: New Statesman