0:00
yesterday education secretary Bridget
0:02
philipson announced the University
0:03
tuition fee cap would rise for the first
0:08
9,535 from next September it's an
0:11
increase of £285 on fees which have been
0:14
frozen at a maximum of £
0:16
9,250 since 2017 it comes as
0:19
universities say they are facing an
0:21
unprecedented financial crisis while
0:23
prospective students will now face
0:25
paying higher fees from the 2025 to 26
0:28
Academic Year so why did the government
0:30
decide to do this universities have been
0:32
facing a funding crisis for some time
0:34
many institutions borrowed money to
0:36
invest in their campuses when fees were
0:38
first hiked in 2012 but since then and
0:41
after students protested the rise fees
0:43
have not kept pace with inflation
0:45
leaving the sector struggling the
0:47
university regulator the office for
0:48
students says some 40% of Institutions
0:51
are predicting a deficit in this
0:52
Academic Year alone and universities UK
0:55
previously suggested tuition fees would
0:57
need to rise to 122,500 a year to meet
1:00
the cost of teaching to make matters
1:02
worse the numbers of international
1:03
students who were charged higher fees
1:05
for coming to study in the UK have
1:07
fallen after brexit and covid the
1:09
previous government also acted to
1:11
introduce visa restrictions in January
1:14
stopping postgraduate students from
1:16
bringing their partner or children to
1:17
the UK while they study universities
1:19
have lobbied the government for this
1:20
money warning they face a real Tipping
1:23
Point this Autumn and the government
1:24
says further major reform is coming but
1:27
what about the impact on students the
1:29
education secretary also confirmed
1:31
student maintenance loans would increase
1:33
to help with the cost of living from
1:35
next year tuition fees and maintenance
1:37
loans will be linked to RPI inflation
1:39
which excludes the cost of mortgage
1:41
interest this is currently set at 3.1%
1:44
and we'll see the maximum maintenance
1:48
10,544 for students living away from
1:50
home outside London and
1:54
$3,762 within London however the
1:56
institute for fiscal studies says
1:58
although students eligible for the
1:59
maximum maintenance loan will get more
2:02
money next year they are actually
2:04
borrowing 9% Less in real terms than
2:06
they would have done in 20120 to 2021
2:09
what do you think about the rise in
2:10
tuition fees let us know in the comments
2:12
and follow cam on social media for more
