News Release

13th September 2004

HIGHER EDUCATION FUNDING IN THE MIDLANDS

Michael Fabricant says that new plans for higher education funding will be of particular benefit to students living in under-funded midlands counties such as Staffordshire and Leicestershire. "Staffordshire and other midlands counties are strapped for cash as they receive less education funding per pupil than most other areas. Staffordshire is near the bottom for funding.

"Plans just announced to abolish student tuition fees will make a huge difference to students in my area" says Michael Fabricant. "Even though part of the deal is that student loans will be at a slightly higher rate of interest than at present, Conservative plans just announced will just about halve student debt as far less money will need to be borrowed in the first place. There will be no more borrowing for expensive tuition fees anymore and means testing for loans will be scrapped. There will be grants for poorer students.

"I do not agree with those who have criticised the plan because the Government's aim to have 50% of all youngsters attending universities has been dropped. That plan makes a mockery of a university education where a Bachelor's degree is meant to be worth something. Around 42% of students currently go on to study at university and this will be maintained provided students meet the entrance standards.