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The Independent: Vince Cable announces ‘graduate tax’ plan

Graduates will have to pay more for their university education in the future, Vince Cable said today, under sweeping reforms being considered by the Government.

Higher graduate contributions are the “only possible way forward” to make the higher education system fairer and sustainable for the future, the Business Secretary said.

Mr Cable was setting out a more “progressive” system of funding that includes proposals for a so-called “graduate tax”.

And he admitted that as the university sector becomes more competitive, it is inevitable that some institutions will struggle and should be left to fail.

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