Proposals from Universities UK to raise funds for members include 'reset' on student maintenance loans and grants
UK universities call for higher fees and more funding in face of budget deficits
Proposals from Universities UK to raise funds for members include 'reset' on student maintenance loans and grants
Universities have called for an increase in student tuition fees and government funding to fill a financial hole, according to reports.
Universities UK, which represents 141 institutions, have put forward proposals to raise funds for their members, including fee increases, in the face of budget deficits, BBC Radio 4's Today programme said.
Fees for UK students in England and Wales are capped at GBP9,250, while in Scotland tuition is free for the majority of Scottish students but GBP9,250 for other UK students.
According to House of Commons statistics, the average student loan debt in England is about GBP45,600 for those who started their course in 2022-23, and GBP43,700 for those who started in 2023-24. This is higher than the average student loan debt in Wales, which is GBP35,780.
The proposals seen by the BBC suggest that funding for each student needs to reach GBP12,000-GBP13,000 - but the group has said this would not necessarily mean fees increasing to this amount, which would be a rise of up to 40%.
The principal of Universities UK, Prof Dame Sally Mapstone, told the Today program the universities were looking for a "reset" with the government on student tuition fees and maintenance loans.