The Autumn Statement : Cap on student numbers to be lifted

setmefree2

A cap on the numbers of students England's universities can admit is to be lifted in 2015, Chancellor George Osborne has said.
The change will mean universities will be able to expand further if they want to.
The announcement came in the chancellor's Autumn Statement in the Commons.
He said next year universities in England would be able to admit an extra 30,000 students.
The cap on numbers would be lifted a year later, he said, and the changes would be funded by the sale of more student debt to private companies.

http://www.bbc.co.uk/news/education-25236341

setmefree2

A document published by the Treasury to accompany the statement added extra detail, stating that the government “estimates that the cost of the extra implied subsidy in the medium term will be around £700 million a year”.The document adds: “This expansion is affordable within a reducing level of public sector net borrowing as a result of the reforms to higher education finance the government has enacted. The additional outlay of loans over the forecast period will be more than financed by proceeds from the sale of the pre-reform income-contingent student loan book.”

http://www.timeshighereducation.co.uk/news/undergraduate-numbers-cap-to-be-abolished-osborne/2009667.article

TurnUpForTheBooks_2

I wish the government posh boys would stop playing at being bankers and start keeping some real promise.

I guess some will be pleased.

Dear Students and uncapped numbers of Future Students
This is where the real cash which is lent to you by SFE is going: http://e-marketing.myselectproperty.com/southampton-launch/es-trs-061213
I received it as an email today. I am a potential investor apparently.

You, on the other hand, are a potential moneyspinning opportunity and will pay RPI + 3% on inflated loans that you only need because of an inflated student accommodation property market which guarantees investment returns only possible because you are forced to pay through the nose. Don't be fooled into thinking it is government funding cleverness that makes this ridiculous property market possible. It is your cash. You are borrowing it at OTT interest rates to pay OTT rents.

The government's friends are siphoning it off and kicking you down the road like some empty can they will run after and step on time and time again if need be to keep this charade going.

You are grist to the mill of this sick business.