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.