Mastering postgraduate funding
Tim Leunig
October 2011
'Mastering postgraduate funding' proposes a new way of financing one year taught postgraduate courses based on the system for undergraduate loans. Under this proposal, the government would loan prospective students £10,000 up front and reclaim the money later through income contingent payments.
CentreForum's modelling shows that most students would pay back their entire loan after they had graduated. It also suggests that any losses would be outweighed by higher tax revenues from individuals who would not otherwise have undertaken postgraduate level work.
Download the report.
"Access to postgraduate degrees is important in promoting social mobility. I welcome CentreForum's report."
- Rt Hon Nick Clegg MP, Deputy Prime Minister
"This is the latest in a series of timely and thought-provoking reports on higher education from CentreForum. We will consider the recommendations carefully and look forward to hearing the response of universities and students."
- Rt Hon David Willetts MP, Minister of State for Universities and Science
"I am glad to see such a timely contribution to the vital policy issue of UK graduate funding. I hope that it will be given serious consideration."
- Professor Andrew Hamilton, Vice-Chancellor, Oxford University
"CentreForum's proposal is important both because it addresses a badly-neglected area and because it shows that practical solutions exist."
- Professor Nick Barr, Professor of Public Economics, LSE
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