TUITION FEES IN ENGLISH UNIVERSITIES

Increased Tuition Fees in English Universities

Increased Tuition Fees in English Universities

Introduction

The increase in the tuition fees in English universities from £ 3000 to £ 9000 is affecting the people as this significant increase is affecting the economic condition of the UK. This increase is showing that the inflation rate has raised due to which the buying power of consumers that are the students are getting affected. In relation to the students, the indirect customers that are the parents of the students are also getting affected due to increase in the tuition fees. Moreover, in the given part of the study, the concepts such as price ceiling and opportunity cost will further describe this issue in detail.

Discussion

Price Ceiling and Tuition Fees

The price ceiling shows the price which is legally installed, maximum price for a product or service to protect consumers in the development of inflationary processes in the economy. In this case, it is Tuition Cap, which increased, by the legal authorities that are government. The presence of price ceilings leads to a reduction in the number of products and services, education deficit, which then leads to the need for artificial reduction in demand on the basis of valuation of goods through the holiday stamps, cards. The result of setting a ceiling price is way out of the business sector. Therefore, the increased tuition fee of English Universities, which set, by the government that is £ 3000 to £ 9000 shows the price ceiling.

This £ 9000 tuition fees is the maximum fees, if the students cannot bear or afford this price, then it will be difficult for the student to continue his education. In addition to this, this will affect the literacy rate of United Kingdom. The concept of the price ceiling is important, but in the case of raising the cap on tuition fees in English universities, the government should consider, the consequences of this as the education of the UK can be highly affected which will affect the various factor of economy.

The above graph is showing the concept of price ceiling through which the price ceiling of tuition fees can be understood. The increase debate since the announcement of raise the cap on tuition fees in English universities has affected people in every sector. The major concern for students who cannot take place in a university, for two reasons:

- The first is the inability to provide the amount require for registration or engaging in a loan to pay with a bank as soon as their first annual salary reaches £ 21,000. The fee increase brings with it an increase in debt (the latter being removed after 30 years if it has not been repaid).

- The second is the reduction of places in university courses and the campus, due to a partial withdrawal of the state at the expense of universities, higher tuition fees offsetting the decline in government funding.

In the given below, the graphical representation shows that the how the consumers that are students get affected ...