Higher and Further Education

Debate between Andrew Percy and Shabana Mahmood

Tuesday 11th September 2012 Commons Chamber

[Shabana Mahmood]

The principle that those who benefit should pay a contribution towards their degree is absolutely right and one we support, but we believe that paying for higher education should be a partnership between the individual student who benefits and the taxpayer, who also benefits greatly from those going into higher education.

[Andrew Percy (Brigg and Goole) (Con)]

The hon. Lady might recall that I voted against tuition fees, and I am saddened that some of the things we warned about have come to fruition, but I struggle to understand why the income level of £65,000 has been chosen. How would that be funded, and when would the interest rates come in? If someone drops below that income level, would they fall back down? Can she also explain why the Labour party defends retaining child benefit for people on £65,000 but wants to land them with a higher interest rate on their student loans?

[Shabana Mahmood]

Our proposal that the Government should reduce the headline level of tuition fees from £9,000 to £6,000 is an alternative measure that they could introduce right now, paid for by not going ahead with the corporation tax cut for the banks. It would be a way for the Government to send a message to the country that they will support future generations of students, rather than saddle them with ever higher levels of debt. As for those earning £65,000 or more, that reflects earnings in each and every year of their working lives. All we are asking is that the wealthiest 10% of graduates pay a little more towards the cost of higher education in order to reduce the costs for those elsewhere.