Shabana Mahmood MP, Labour’s Shadow Minister for Higher Education, responding to new statistics showing that university applications have fallen significantly on last year, said:
"Today’s UCAS application figures show that the decision of the Tory-led Government to treble tuition fees to £9,000 is hitting young people and their aspirations. With UK applications down by 8.9%, it is clear that the drastic increase in fees and the increased debt burden is putting people of all ages off going to university and investing their future. Most students will be paying off their debts most of their working lives.
"Additionally, new research by UCAS published today shows that as many as 15,000 potential applicants are being put off by the Government’s fees hike. Applications from mature students - over the age of 23 - are also down by 11.5%, reflecting the worries of these potential students with often greater financial commitments and the impact of the Government’s policies on them.
"Labour would reverse the corporation tax cut for banks and use the money to help cut fees to a maximum of £6,000. That is the difference between Labour, which makes investing in skills and knowledge a priority, and a Tory-led Government that will restrict opportunity and damage the future of our economy."