The government announced an increase in undergraduate tuition fees to a record £9,535 per student for new and continuing students, yet existing contracts may hinder current students from paying this fee.
Vice-chancellors indicate potential revenue losses ranging from £1.5m to £4m due to existing student contracts which may not permit higher fee charges, complicating financial sustainability for many institutions.
Despite rising tuition fees, institutions anticipate that increased national insurance contributions may offset income gains, with universities concerned that ongoing financial challenges could arise regardless of fee adjustments.
Education Secretary Bridget Phillipson emphasized priorities for improving access for disadvantaged students, pushing universities towards efficiency savings and demanding accountability for vice-chancellors' compensation and institutional value.
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