Research Briefing
HE in England from 2012: Funding and finance
The Government raised the cap on tuition fees for new student to £9,000 in 2012/13 and cut most ongoing direct public funding for tuition in England. This shifted the balance of higher education funding further away from the state and further towards the individual who benefits. Students can take out publicly subsided student loans to pay these higher fees. There is uncertainty about the final size of this subsidy and the Government’s estimate of it has increased considerably since the reforms were first announced. This also affects the size of any saving in public expenditure and the extent of the shift in costs from the state to the individual beneficiary.