Tories’ budget cuts target poorer students
Funding reforms by the Conservative government are being criticized for discouraging the UK's poorer students from moving into higher education.
Critics say the plan to scrap maintenance grants will push 40% of the poorest students into debts of up to £53,000 which in turn negatively affect their academic future.
They say that these changes will discourage students from lower and middle income families from going to university with the fear they will not be able to free themselves of the debt placed upon them.
The Institute for Fiscal Studies believes that the changes being made to higher education funding will eradicate maintenance grants in the year 2016.It warns that all the debt would not even be repaid.
“The amount of money lent to students will rise by about £2.3bn for each intake, but only around a quarter of these additional loans will be repaid. The effect of such a high rate of non-repayment will be to reduce government borrowing by just £270m, a 3% decline in the government’s estimated contribution to higher education,” said the institute.
Some critics argue the reforms the Conservative government is putting in place seem to only be encouraging those from wealthier backgrounds to enter higher education.
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