Increase in student loans announced

Students who choose to study at private universities are to see their loans doubled, it was announced today.









Ministers said student loans would rise from £3,000 to up to £6,000 a year for those starting courses at privately-run institutions next year.



This includes places like Buckingham University and some privately-run specialist music colleges.



The move is likely to be seen as a bid by the Government to encourage people to study at private universities that are not publicly-funded or subject to student number controls.



It comes as the majority of publicly-funded universities are announcing plans to raise tuition fees to £9,000 from next year, putting pressure on the student finance system.



Universities Minister David Willetts also announced that grants for students will increase next year.



But while many students will see their finance packages - grants and loans combined - rise slightly, new students from families with an annual income of around £50,000 will see their funding cut.



The University and College Union (UCU) warned that the Government's new student financial support system could hit the poorest students the hardest.



It said that the debt owed by these students for tuition fees could rise from nothing under the present system to up to £17,250 at the end of a three-year undergraduate degree for students starting courses next year.



This is because the increases in maintenance grants - which are given to students from poorer backgrounds - do not match the increase in fees.



At the moment, tuition fees are around £3,000 and from next year they will go up to £9,000.



But grants for the poorest students will only be £3,250, coupled with loans of £3,875.



UCU general secretary Sally Hunt said: "Students from the poorest backgrounds will see their debt on graduation increase the most, which is another example of just how unfair the whole fees policy is.



"Nick Clegg and David Cameron can talk all they like about social mobility and a lack of students from certain backgrounds at some universities, but tripling fees and massively increasing the debt of poorest students is only going to exacerbate the problem."



The union also raised concerns about taxpayers' money being given to students to cover their fees at private institutions.



"We only need to look at America to see that for-profit higher education is fraught with danger for students and taxpayers alike and, at the very least, needs to be properly regulated," Ms Hunt said.



Mr Willetts said: "We are focusing support on those students who need it most because no-one should be deterred from higher education on financial grounds.



"Continuing students and new students will both benefit from more generous maintenance rules while part-time students and distance learners will be entitled to new support to cover the costs of tuition.



"The new system will be more responsive to student choice. As a first step, we are making sure students at alternative providers can benefit from the more generous tuition loan system in place from 2012/13."

News
John Travolta is a qualified airline captain and employed the pilot with his company, Alto
people'That was the lowest I’d ever felt'
Life and Style
healthIt isn’t greasy. It doesn’t smell. And moreover, it costs nothing
News
i100

Other places that have held independence referendums
Sport
Jonas Gutierrez (r) competes with Yaya Toure (l)
football

Newcastle winger is in Argentina having chemotherapy

PROMOTED VIDEO
Have you tried new the Independent Digital Edition apps?
News
ebooksAn unforgettable anthology of contemporary reportage
Arts and Entertainment
Blossoming love: Colin Firth as Stanley and Emma Stone as Sophie, in 'Magic in the Moonlight'
film

Actors star in Woody Allen's 'Magic in the Moonlight'

News
peopleThe Times of India said actress should treat it as a 'compliment'
News
news

Watch this commuter wage a one-man war against the Circle Line
News
We are phenomenally good at recognising faces; the study showed that humans have been selected to be unique and easily recognisable
science

Human faces unique 'because we don't recognise each other by smell'

Arts and Entertainment
You've been framed: Henri Matisse's colourful cut-outs at Tate Modern
artWhat makes a smash-hit art show?
Property
Home body: Badger stays safe indoors
lifeShould we feel guilty about keeping cats inside?
News
A male driver reverses his Vauxhall Astra from a tow truck
news

Man's attempt to avoid being impounded heavily criticised

Arts and Entertainment
US pop diva Jennifer Lopez sang “Happy Birthday” to Gurbanguly Berdimuhamedow, president of Turkmenistan
musicCorporate gigs become key source of musicians' income
Arts and Entertainment
While many films were released, few managed to match the success of James Bond blockbuster 'Skyfall'
filmsDaniel Craig believed to be donning skis as 007 for first time
Student
The Guildhall School of Music and Drama is to offer a BA degree in Performance and Creative Enterprise
student

Arts and Entertainment
Emma Thompson and Bryn Terfel are bringing Sweeney Todd: The Demon Barber of Fleet Street to the London Coliseum
theatre

Returning to the stage after 20 years makes actress feel 'nauseous'

Arts and Entertainment
Pulp-fiction lover: Jarvis Cocker
booksJarvis Cocker on Richard Brautigan
Arts and Entertainment
Robin Thicke and Pharell Williams in the video of the song, which has been accused of justifying rape
music...and he had 'almost no part' in writing it
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Education

RE Teacher

£120 - £162 per day: Randstad Education Hull: Teacher of Religious Education ...

Maths Teacher

£120 - £162 per day: Randstad Education Hull: Long term Math Post - potentiall...

Science Teacher

£120 - £162 per day: Randstad Education Hull: We are currently recruiting for ...

Physics Teacher

£120 - £162 per day: Randstad Education Hull: Physics Teacher - Humberside - S...

Day In a Page

Mystery of the Ground Zero wedding photo

A shot in the dark

Mystery of the wedding photo from Ground Zero
His life, the universe and everything

His life, the universe and everything

New biography sheds light on comic genius of Douglas Adams
Save us from small screen superheroes

Save us from small screen superheroes

Shows like Agents of S.H.I.E.L.D are little more than marketing tools
Reach for the skies

Reach for the skies

From pools to football pitches, rooftop living is looking up
These are the 12 best hotel spas in the UK

12 best hotel spas in the UK

Some hotels go all out on facilities; others stand out for the sheer quality of treatments
These Iranian-controlled Shia militias used to specialise in killing American soldiers. Now they are fighting Isis, backed up by US airstrikes

Widespread fear of Isis is producing strange bedfellows

Iranian-controlled Shia militias that used to kill American soldiers are now fighting Isis, helped by US airstrikes
Topshop goes part Athena poster, part last spring Prada

Topshop goes part Athena poster, part last spring Prada

Shoppers don't come to Topshop for the unique
How to make a Lego masterpiece

How to make a Lego masterpiece

Toy breaks out of the nursery and heads for the gallery
Meet the ‘Endies’ – city dwellers who are too poor to have fun

Meet the ‘Endies’ – city dwellers who are too poor to have fun

Urbanites are cursed with an acronym pointing to Employed but No Disposable Income or Savings
Paisley’s decision to make peace with IRA enemies might remind the Arabs of Sadat

Ian Paisley’s decision to make peace with his IRA enemies

His Save Ulster from Sodomy campaign would surely have been supported by many a Sunni imam
'She was a singer, a superstar, an addict, but to me, her mother, she is simply Amy'

'She was a singer, a superstar, an addict, but to me, her mother, she is simply Amy'

Exclusive extract from Janis Winehouse's poignant new memoir
Is this the role to win Cumberbatch an Oscar?

Is this the role to win Cumberbatch an Oscar?

The Imitation Game, film review
England and Roy Hodgson take a joint step towards redemption in Basel

England and Hodgson take a joint step towards redemption

Welbeck double puts England on the road to Euro 2016
Relatives fight over Vivian Maier’s rare photos

Relatives fight over Vivian Maier’s rare photos

Pictures removed from public view as courts decide ownership
‘Fashion has to be fun. It’s a big business, not a cure for cancer’

‘Fashion has to be fun. It’s a big business, not a cure for cancer’

Donatella Versace at New York Fashion Week