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Word on the Street: Should university tuition fees be frozen?

Word on the Street: Should university tuition fees be frozen?”

The announcement comes in conjunction with reports that Theresa May is also planning to make it easier for young people to buy property by investing a further £10 billion in the "Help to Buy" scheme.

The Conservative Party start their conference Sunday, in Manchester, Theresa May is focusing efforts to win the younger voter by extending the "Help to Buy" scheme and freezing tuition fees until 2019. According to The Guardian, this will perversely mean that earlier graduates will have higher loan repayments even if they are on the same income level as later graduates with much higher debts.

Tuition fees were set to increase by £250 for 2018-19, making them £9,500 a year.

The Labour party want to scrap tuition fees altogether.

May told The Sun newspaper that the party's message to young voters had failed in its campaign before a snap general election that she called in June in a bid to boost her majority in parliament. Shadow housing secretary John Healey said young people needed instead "the mass building programme of genuinely affordable homes to rent and buy that Labour put forward in our manifesto".

This will delay repayment for those low-earning graduates, although it will likely only apply to those graduates who took out the higher rate of student loans introduced in 2012.

Students can also expect a freeze in tuition fees at GBP9,250 (US$12,300) a year in England and a complete review of student funding.

However, the biggest winners from a raised repayment threshold in the long run will be higher-earning graduates, with fewer having to repay the full amount of their loans before the debt is written off after 30 years.

This will no longer go ahead and fees will remain at the current price of £9,250.



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