Browne: A revolutionary new system
Lord Browne outlines his findings on the day of the release of his report on higher education funding:
“Our higher education system is world-renowned but too often it enshrines the power of universities and not the power of students. These reforms will put students in the driving seat of a revolutionary new system.
“Under these plans universities can start to vary what they charge but it will be up to students whether they choose the university. The money will follow the student who will follow the quality. The student is no longer taken for granted, the student is in charge.
“We have been guided by three principles: participation, quality and sustainability. Any student who has the academic potential should be able to participate in and benefit from higher education.
“Students do not pay anything upfront. Only graduates pay and only then according to the level of their success. Under our proposals, the bottom 20 percent of earners will pay less than today and only the top 40 percent of earners will pay back close to the full amount.”
