The funding of higher education is something currently under review in a number of countries, including Ireland and Wales; but any debate around it raises issues not just of how an ambitious university system can be resourced, but also of the impact of a fees régime in a country that chooses to let the the students pay for some or all of the costs of their education.
It has now been estimated that in England the average student can expect to pay £63,000 for their university education – a sum consisting of tuition fees and living costs, and amounting to much more than the deposit for a mortgage to buy a house. While it is also clearly the case that a university degree will significantly enhance a graduate’s career prospects and salary expectations, there may come a point at which the cost is greater than the expected return; a condition sometimes described as negative educational equity.
One of the possible consequences of this state is that some may choose to look to higher education outside of England; and recent reports have highlighted the much lower cost of degree courses in some European countries, many of which are now being offered in English. There are apparently signs that some English students are availing of this opportunity, while international students are being put off from coming to England by the cost.
Therefore, while there is a strong argument for saying that free university tuition is something the taxpayer cannot afford, it can also be argued that a funding régime that imposes tuition fees on all students while the state detaches itself from the resourcing of higher education is equally unsustainable and may produce unintended consequences. University funding needs to reflect the value of higher education to graduates, but also the value to society. It is an area in which an ideological approach to what is right and what is wrong is very unlikely to be satisfactory. The reality is that, in order to have a successful system, the state must carry some of the cost, as must those taking the courses – where they can afford to.