Introduction of Tuition Fees
In 1997, a report by Sir Ron Dearing recommended that students should contribute to the costs of university education. The Labour government under Tony Blair passed the Teaching and Higher Education Act 1998 which introduced tuition fees of £1,000 to start in the 1998/9 academic year. In addition, maintenance grants were replaced with repayable student loans for all but the poorest students. The total loans provided by the Student Loans Company increased from £941 million in the 1997/8 academic year, to £1.23 billion in the next year, when tuition fees took effect.
Read more about this topic: Student Loans In The United Kingdom, History
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