Due to spending cuts to higher education, students from middle-class families may be denied their right to cheap loans, grants towards living costs and charged higher tuition fees. The government now has the task of producing more money for universities without any added cost to the taxpayer and as a result, they are planning to cut middle-class “subsidies” which could add on nearly £7,000 a year to the cost of university from a family with an income of £50,000 a year. Another possibility is that the government will draw more money back by ending subsidised interest rates which reduce the amount of money graduates have to pay back.

CampusAli says: Student debt is already a huge weight on graduates’ minds, taking years to pay back even with subsidised rates. If these rates are withdrawn, many students may doubt whether going to University will add anything to their future careers.