One of the lowest ranked University in the UK will be charging £8,450 in 2012, it has been revealed.
London South Bank University, ranked consistently in the bottom 3 Universities in the UK, made the announcement earlier today, citing reasons that it needed to charge the high amount just to break even after the Government removed almost all its teaching funding.
Professor Martin Earwicker, vice-chancellor of London South Bank university, said: “In the cuts the Government has imposed the university lost 92 per cent of its teaching grant, 60 per cent of its capital grant and half of its innovation fund. This fee level does no more than put us to slightly less than we had before. The university is not gaining at all.”
Earlier this year, Universities Minister, David Willets, cut over £4bn from Higher Education, including an 80% cut to teaching funding. However, these cuts were made with the idea that the average University would then charge £7,500.
Willets also said that if the majority of Universities were to try and charge the top level of fees, the Government would be forced to further reduce Higher Education funding, with commentators accrediting this to potential problems with the Government coping with the increased demand for money from student loans.
So far, 23 of the 31 Universities to announce their submitted requests for tuition fee levels have said they will charge £9,000. None of the Russell Group Universities who have announced their fees, of which Southampton University is one, nor any of the 1994 Group have said they would charge less than £9,000.
Leaks had suggested that Southampton would not be charging the maximum £9,000, however in light of how many Universities are charging the top price, it may be too hard for the University to not follow suit.
The Wessex Scene will be reporting more on Southampton’s tuition fee level over the coming months.