Tuition fees benefit University Vice-Chancellors not students

Owl says: two university vice-chancellor (Plymouth: £310,149 gross in 2015/16; Exeter: £400,000 (including £58,000 performance-related remuneration) and a college principal of a college (South Devon College) offering university-level courses (salary not found) are all amongst the 21 board members of our Local Enterprise Partnership.

“Tuition fees in England should be scrapped after becoming a “Frankenstein’s monster” that loads £50,000 or more in debt on to the backs of graduates, according to the architect of the last Labour government’s education reforms.

Andrew Adonis, the former adviser to Tony Blair who also served as an education minister, has used a column for the Guardian to attack the system of student finances, accusing the government of running a Ponzi scheme that leaves students in England with crippling debts.

“In my view, fees have now become so politically diseased, they should be abolished entirely,” Adonis writes in the Guardian.

Admitting that he was “largely responsible” for the structure of fees and loans, with repayments pegged to graduate incomes, Adonis complains that greedy university leaders have failed to improve teaching quality but still rewarded themselves handsomely.

“[Vice-chancellors] increased their own pay and perks as fast as they increased tuition fees, and are now ‘earning’ salaries of £275,000 on average and in some cases over £400,000.

“Debt levels for new graduates are now so high that the Institute for Fiscal Studies estimates that three-quarters of graduates will never pay it all back. The Treasury will soon realise it is sitting on a Ponzi scheme,” Adonis writes. …”

https://www.theguardian.com/education/2017/jul/07/tuition-fees-should-be-scrapped-says-architect-of-fees-andrew-adonis