UK Universities - on this planet?

I've just paid some Uni tuition fees - gone up by 5.9% from a year ago.

RPI is 1.3% National Statistics Online and many people are / will be, on wage freeze or worse. I gather that a select group of Vice Chancelleors want to increase fees substatntially (must make 5.9% trivial then ).

It just occurs to me that they don't live in the real world and haven't even thought about economising. Or am i just old-fashioned?

Why did you pay it then?

I'm not being facetious, I just mean that if it isn't worth it, then don't pay it. And if it is worth it, then why should they lower their fees just because the country is going through a difficult period. It is surely not the universities fault for that.

Shakone said:

Why did you pay it then?

I'm not being facetious, I just mean that if it isn't worth it, then don't pay it. And if it is worth it, then why should they lower their fees just because the country is going through a difficult period. It is surely not the universities fault for that.

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It's a good point but using your logic of the market the price could go to ridiculous levels (as does with shares) - but does that make it right?

My point is that the Universities, like the rest of us, should get real and come out of their ivory towers. As an aside, what effect do you think cohorts of seriously indebted students (eg multi £10k) will have on society in 20 years time - where the low earners won't be required or able to pay back & the higher earners won't have money left for other things (like family / mortgage etc etc)?

But yes, you're probably right - the market will rule. But that's how we got stuffed by the bankers. I would expect better from academics - no, that isn't being realistic knowing some of the academics I'm familiar with

Good job we can trade eh?