21st July 2010
For those of us who had the luxury of a state-funded university education, the current debate on a graduate tax is a little guilt-inducing. Not least because it is becoming clear how much a university education truly costs.
The cap on tuition fees is currently £3,225 and it had been widely thought that this cap would be raised or abolished, leaving luckless parents and/or students paying over £20,000 for three-year degree courses.
This is on top of the £9,500 living costs, estimated by the National Union of Students.
Vince Cable has proposed a ‘graduate tax', or rather a ‘variable graduate contribution tied to earnings', which would replace all existing funding, as reported here on the BBC.
Degrees would once again become ‘free' and graduates would pay a proportion of their income. Cable defends his proposals here in this Daily Telegraph video cast.