|Sector:||Economics of Education | Education and Labour Markets | Higher education | Labour markets|
|Client:||London Economics’ Publication|
|Published:||13 February, 2018|
|Document type:||LE publication|
|Tagged:||2018 economics of education education EU financial modelling impact assessment labour market economics quantitative analysis England UK|
With the potential review of higher education approaching, London Economics have modelled the costs to the Exchequer associated with a reduction in tuition fees to £6,000 and the re-introduction of maintenance grants. The analysis demonstrates that the cost of cutting fees stands at £1.169 billion per cohort, while maintenance grants cost £360 million. Importantly, despite appearances, and the reduction in debt on graduation, the cut in fees would have no impact on the repayments of graduates in the lower half of the earnings distribution and only benefit wealthier graduates. Read more through the link above.