Shabana Mahmood MP, Labour’s Shadow Higher Education Minister, responding to reports that students will not be penalised for repaying student loans early, said:
“Today we've seen yet another U-turn by a Government whose fees policy is unravelling by the day, creating chaos and confusion for students and universities alike.
“This move will do nothing to make the system fairer. If the Government really wanted to help students now, it could reverse the corporation tax cut for the banks and use the money to help cut fees to a maximum of £6,000. Instead, we have seen student places cut by 15,000 and applications fall by 7.4 per cent compared to 2011.
“That is the difference between Labour, which makes investing in skills and knowledge a priority, and an out of touch Tory-led Government that is restricting opportunity and damaging the future of our economy.”