Nottingham University cuts in Detail
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The University of Nottingham, along with others in the Russell Group, have announced full support for charging the upper limit of £9000 for tuition fees. At the moment 9% of all income is payed back once the individual begins earning £15,000 annually, with zero interest. At the approval of the coalition government, the Browne Review has raised the threshold to £21,000, with interest fixed at 3% above the government’s rate of borrowing (which is reaching record levels and could trigger the next, predictably larger, financial crisis according to leading economists). Universities charging more than £6,000 will have to undertake measures (bursaries, summer schools, outreach programmes; £4m dedicated for Nottingham) as incentives for poorer applicants.
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