Every graduate in England and Wales will pay 9% of their income above £21,000, for up to 30 years, just as they would a graduate tax; below that, they will pay nothing. Irrationally from the government\’s point of view these income-contingent loans are much less efficient than a proper graduate tax; at best, 70% of the money lent will be recouped, at worst, 50%. But 100% of the cash will go straight to the universities, reinforcing their crucial constitutional autonomy, rather than through the conduit of the Treasury, always ready to raid the proceeds of any tax for anything other than education.
Right, so charging fees means unis are independent of the money grubbers in the Treasury.
Excellent, this defends their Enlightenment freedoms.
Teaching is a public good – it should be paid for in part by public grants.
Therefore, in order to defend the Enlightenment freedoms of universities we must make sure that universities are not free of the money grubbers in the Treasury.
I bet that sort of logic is just wowing them at Hertford College.