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New Labour, the government that introduced tuition fees and student loans in 1998 and then narrowly passed a bill to introduce top-up fees of £3,200 per year from 2006, have recently launched a “higher education finance review” to look into raising the cap on tuition fees (possibly up to £7000 per year) and examine the way in which universities should be funded. The appointment of Lord Browne, a friend of Peter Mandelson and former chief of the multinational oil-giant BP, to chair the fees review has not done anything to encourage university students, who already face the prospect of an accumulated debt of over £23,000 upon graduation.