The man who helped introduce college tuition is now saying that it is “politically diseased,” leaving graduates with “Frankenstein’s monster debts” and “should be abolished.”
Lord Adonis, who helped introduce the concept of college tuition, is now saying that it is “politically diseased and should be abolished,” as university leaders end up with annual salaries of nearly £400,000, while students and graduates largely end up struggling with un-payable debts through modest incomes.
According to recent studies, 75 percent of graduates who pay almost £9,250 per year will never completely pay off their debt. It also showed that most of the rest will still be working on paying off debts while in their 50s.
Adonis was a large supporter of Labour’s introduction of tuition fees ranging from £1000 to £3000. However, he now says that the current cost of college tuition is due to “opportunism and greed.”
He wrote an article in the Guardian, saying: “How did we get from the idea of a reasonable contribution to the cost of university tuition – the principle of the Blair reform of 2004, for which I was largely responsible – to today’s Frankenstein’s monster of £50,000-plus debts for graduates on modest salaries? And why did we give university vice chancellors a licence to print money?”
Adonis called for an investigation and inquiry to break up the “fees cartel” of university leaders who exploited the ceiling of £9,250.
He said: “The greed of the vice-chancellors sealed their fate.They increased their own pay and perks as fast as they increased tuition fees, and are now ‘earning’ salaries of £275,000 on average and in some cases over £400,000.”
The report he released last Wednesday, said: “The combination of high fees and large maintenance loans contributes to English graduates having the highest student debts in the developed world.”
Other Arguments On Tuition Costs
Despite this, the UK government defended the current education system, saying that the introduced 2012 coalition is “fair,” and has warned that removing tuition fees would be too costly.
Jo Johnson, the UK universities minister, has recently commented on the topic of tuition costs, saying:
“Abolishing fees would be mind-bogglingly expensive, requiring over £100 billion of additional spending between now and 2025. This would need to come either from cuts to other public services, from increasing taxes on working people, or from increased borrowing – which would add to the burden for the next generation.”