Recent policies have replaced direct government funding for
teaching with fees paid by students. As well as saddling graduates
with enormous debt, satisfaction rates are low, a high proportion
of graduates are in non-graduate jobs, and public debt from unpaid
loans is rocketing. This timely and challenging analysis combines
theoretical and data analysis and insights gained from running a
university, to give robust new policy proposals: lower fees;
reintroduce maintenance awards; impose student number caps;
maintain taxpayer funding; cancel the TEF; re-build the external
examiner system; restructure the contingent-repayment loan scheme;
and establish different roles for different types of institutions,
to encourage excellence and ultimately benefit society.
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