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Voiceover in Recent Years, The Increase in University Tuition Fees

Voiceover in Recent Years, The Increase in University Tuition Fees

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Published by vicki_lana

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Published by: vicki_lana on Dec 19, 2009
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12/18/2009

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VoiceoverIn recent years, the increase in university tuition fees has become a worrying concernfor students who want to go to university. A report of the National Committee of Inquiry into Higher Education showed that in 1997, it was agreed that the Governmentcould no longer afford the expansion of higher education because of other financialarrangements. Student funding schemes came into practise in order to aid thesechanges, so that students were still able to go to university. This meant that studentshad to start contributing, up to £1000, to university tuition fees and accommodation,depending on family income or their own income.1990/91 was the introduction of the university student loan, which was included in thestudent support plans and over the years the number of students taking out loansquickly increased. The average student loan for these new students was £2,710 andthe total sum borrowed was £650 million. According to the National Office of Statistics, in 1990/91, 3 in 10 eligible students had taken out student loans but by1998 this had increase to more than 6 in 10 and the total public funding of highereducation institutions in England was around £4.7 billion. In 2007/08 the total numberof Fee Loans increased to 455,000 and their value to £1.3 billion. These student loanswere to be used towards course fees and accommodation, as grants were no longereasy to get. However, tuition will continue to be free for students from lower incomefamilies.Students who take out loans only have to pay back these loans when they areemployed and have a salary of £20,000 upwards. These student loans also have a lowinterest rate, so they are not paying back an excessive amount of interest on top of their debt. Data from the Student Loans Company on take-up of Tuition Fee Loansshowed that 239,000 students from England and EU students at English institutionstook out such loans in 2006/07. By 2007/08 the maximum fees had increased to£3,070. However, controversial issues have risen because of this; a rise in universitytuition fees means an increase in the amount of money borrowed to cover these costs.Most students debate against a rise in university tuition fees.We will be speaking to MPs such, as Margaret Hodge, who helped devise the plan of contributing less towards university tuition fees and also the discussion on where themoney will be going to instead. Terry Justice, a vice chancellor of Dagenham andRainham, also talks about his views and opinions on this matter and a universitygraduate gives her first- hand view of what it is like in university and what happenswhen you finish. A university lecturer will also be talking with us about how he feels

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