Ed Miliband’s tuition fees pledge: is it any good?

Labour leader Ed Miliband pledges to cut tuition fees in higher education from £9,000 to £6,000 a year if his party wins the May general election.

edit-18342-1425127856-4

He wants to free young people from the ‘scourge of debt’ imposed by the Conservative-Liberal Democrat coalition and save the government £20 billion by 2030.

Universities Minister Greg Clark calls the proposal ‘incompetent and cobbled-together’ and money saving expert Martin Lewis says the plan is ‘financially illiterate’.

Who’s right? Is this a more pragmatic system for funding higher education that would help students and save money? Or is this just populism, a cheap shot at the government that aims to woo the student vote without helping the neediest?

Continue reading →