The review aims to ensure UK universities and courses provide value for money
The Prime Minister has announced the start of a year-long review into university tuition fees, with the aim of reforming the current system and combatting “outdated” attitudes towards universities.
Several options have been considered, such as outright cuts to fees from the current level of £9,250 per year to £6,000, or revising how interest on student loans is calculated.
However, in her speech at Derby College, Mrs May claimed that abolishing tuition fees could cause universities to compete for funding with hospitals and schools, resulting in the reintroduction of the student numbers cap.
Instead, the PM said it will focus on the system providing value for money, as well as incentivising competition and the choices available to students, ensuring higher education is accessible to everyone, and delivering the appropriate skills the country needs.
According to May, the review is "about ensuring the routes are available, the opportunities are available, but also young people are able to make the choice that suits them and suits their needs."
Demand for higher education in the UK remains strong, as figures from the latest UCAS deadline reveal more 18-year olds are applying to university than ever before.