Higher Education Fees

Debate between Bill Esterson and Adrian Bailey

Thursday 9th December 2010 Commons Chamber

[Mr Bailey]

I do not want to be diverted by the grief and contortions of the Lib Dem party because there are some other very serious issues that need to be addressed.

Any package that is put forward must meet two criteria. The first is that it must provide the extra funding necessary to provide the flow of graduates into our industries and public services that will sustain the economy.

[Bill Esterson]

The University and College Union estimates that students currently graduate with around £23,500 of debt and that these proposals would increase that to £40,000. Does my hon. Friend agree that such high levels of personal debt are one of the main failings of the proposals?

[Mr Bailey]

I will come to that issue in a moment.

Let me just finish what I was saying. I have questioned Ministers both at the Select Committee and in the Chamber on whether these proposals will bring in any net increase in funding for universities. I have yet to receive any assurances that they will. In the context of the world situation, we must remember that these proposals have been introduced at a time when the most advanced western countries, including European countries with similar financial problems as us, are investing in higher education because they know the economic dividend that accrues as a result will get them out of recession. Despite such a profound change to our funding system and all the potential consequences, this country could lose out on the vital issue of growing itself out of recession.

My second point is about social mobility and accessibility. My hon. Friend the Member for Sefton Central (Bill Esterson) mentioned the potential £40,000 debt that is incurred. My constituency is a case in point, as a traditional industrial area with traditionally low aspiration and educational attainment. Over the past five or six years, that has been transformed by the money that has been put into education, the education maintenance allowance and the Aimhigher project.