"Labour will abolish tuition fees for home students in England studying standard undergraduate first degrees at established universities and further education colleges from the academic year starting in 2018 – the earliest it will be possible to pass the legislation through parliament. (University is already free for EU students in Scottish universities)
· To discourage students who are planning to start university this September from deferring until after tuition fees are removed, we will guarantee to immediately write off their first year of fees.
· Students part way through their degree will not have to pay fees for the remainder of their course. Part-time students will be covered for the cost of their first undergraduate degree.
· Students who have already graduated will be protected from above inflation interest rate rises on existing debt. And we will look for ways to ameliorate this debt burden in future.
· We will seek to provide free tuition for EU students and seek reciprocal arrangements at EU universities as part of the Brexit negotiations. We will remove EU and international students from the net migration figures and preserve the current system of fees for non-EU students.
· The average student leaves university with almost £45,000 worth of debt, which they would pay off through their lifetime. Under our plans this will be reduced by an average of more £27,000 for students who don’t qualify for a maintenance grant, and to zero for students who do.
· We have costed the abolition of tuition fees at £9.5 billion annually in 2021/22 prices (the £11.2 billion figure for higher education listed in our Grey Book published alongside the manifesto also included £1.7 billion for maintenance grants). Over four years (from 2018/19 academic year, this is £38 billion). It will be paid for by increasing income tax for the top 5 per cent of earners and reversing the Conservatives’ cuts to corporation tax. The £9.5 billion is an estimate of the actual revenues currently being paid to universities through fees, and this money will all go directly back into universities so they will not lose out.
· In 2015/16 there were 365,700 full-time first year students studying their first undergraduate degrees in England (Higher Education Statistics Agency). In 2014/15 there were 38,600 part-time students studying their first undergraduate degree (own calculations). Assuming student numbers stay roughly constant, approximately 400,000 students will benefit each year."
Costings, just in case anyone doesn't want/can't be bothered to read links.