Philip Augar’s long-awaited review of post-18 education and funding in England has recommended that the maximum annual tuition fee chargeable to home students be reduced from £9,250 to £7,500.
As was widely expected, the panel said that once the new cap is introduced, the government should replace any lost fee income in full by increasing the teaching grant, to ensure that university funding remains “level in cash terms”. However, that teaching grant should be directed towards high-cost subjects and disadvantaged students, it said.
Fees should be frozen at £7,500 until the 2022-23 academic year, then increased in line with inflation from 2023-24, the independent panel said. It added that interest rates on student loans should not be incurred while students are still studying.