Theresa May announced a new policy committment at the Conservative Party Conference in Manchester; to freeze tuition fees, and to raise the threshold at which graduates must pay them back. But what does this mean for students?
First of all, the maximum amount universites can charge in fees won't be increased next year as they were going to be, which is a little bit of good news. If the freeze continues for years to come, eventually it will mean fees are less expensive*. The fee increase would have meant a student on a 4-year course ended up paying £1,000 more by the end of their course.
The raise from a £21,000 to £25,000 earnings threshold will give graduates more disposable income, as less of their wages will go into student loan repayments. It also ensures that those earning less won't have to repay anything unless they reach a higher wage.
*Fees will be 'less expensive' in real terms compared to inflation and the cost of living etc.
Forget tuition fees: cost of living is the real issue facing students (Guardian Opinion)
10 charts that show the effect of tuition fees (BBC)