Tuition charges in England are to be frozen for one more yr
The maximum amount a university can charge for student tuition fees should remain at £ 9,250 per year for the 2021/22 academic year, the government recommended as part of its preliminary response to what is known as the 'Augar Review' of higher education in England.
The fee freeze must now be stamped by Parliament this summer, although an extension is expected. The fees have been frozen in recent years.
In other parts of the UK, universities in Wales can charge tuition fees of up to £ 9,000 per year. Universities in Northern Ireland and Scotland, meanwhile, can charge up to £ 9,250 per year. However, the amount you actually have to pay depends on where you are from. Check out our Student Loans Mythbusting Guide for information on college fees, loans, and grants.
Further changes in student funding are still pending
However, the government has warned that further changes to the student funding system will be "considered" before the next major spending review – a date has yet to be set. These will fall under the final answer to the Augar review.
Former Prime Minister Theresa May initiated the Augar college funding review in February 2018. In May 2019, the review recommended that graduates repay their student loans over 40 years, and the interest rate on loans should be lowered to inflationary levels.
Recent graduates in England (for so-called Plan 2 loans) currently pay an interest rate based on the Retail Price Index (RPI) measure of inflation, plus up to 3% depending on how much they earn. Loans are usually written off after 30 years.
The review also coincided with many of the suggestions made by MoneySavingExpert.com, but today's government interim response does not address these. For more details on Martin's thoughts on the review, see our MSE News story: Martin Lewis: Augar Report Heralds End of Student Loans.