
As if it wasn't bad enough that there are proposals to reduce UK degrees from 3 to 2 years, that there is a shortfall of government funding to the tune of more than 30% over the current government's term in office, and that the quality of education is suffering with large intakes of foreign, mostly Chinese, students with the concomitant drop in standards.
Now we find that the costs of UK degrees are set to spiral out of control to the tune of £36,000 for a typical three-year degree course!!
"Virtually all taxpayer funding will be removed from the majority of degrees and students will have to borrow tens of thousands of pounds to cover the doubled cost of courses. Universities will have to charge at least £7,000 a year to cover the loss of central government funding and some elite degrees are expected to cost up to £12,000 a year."
These are understood to be the key findings from a long-awaited review of university funding conducted by Lord Browne, the former head of BP. But you have to ask yourself why anyone would send their kids to a uni in the UK any more when there are far more attractive options elsewhere in the European union?
I predict a mass exodus of undergraduates spreading their money around the European union and it will hurt the UK economy even more at a time when every pound is need domestically to be spent at home! Again this is just another example where the UK government is displaying remarkable shortsightedness(a recurrent theme on this blog if you wish to read more on this topic).
