Magazine article Public Finance

Axeing Endowment Fees 'Would Cut Debt Burden'

Magazine article Public Finance

Axeing Endowment Fees 'Would Cut Debt Burden'

Article excerpt

Plans to abolish graduate endowment fees as a step towards providing free higher education have been announced by Scottish Education Secretary Fiona Hyslop.

She told the Scottish Parliament on June 13 that the ending of an expensive and inefficient system' would benefit 50,000 students immediately and remove some of the debt burden that could stifle new graduates or deter potential university entrants.

'I passionately believe that the basic principle of Scottish education is that it should be based on ability to learn, not the ability to pay. The announcement is a critical step towards achieving this vision,' she said.

The abolition of the endowment fee, which is expected to pass through the Parliament with the support of the Liberal Democrats and the Greens, was one of the key manifesto commitments of the Scottish National Party, which is now the minority government at Holyrood.

Upfront tuition fees were abolished by the previous Labour-LibDem coalition Executive, which first came into power in 1999. …

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