Andrew Smith has welcomed Ed Miliband's announcement today that the next Labour government would ensure anybody starting a course in 2016 would see their university tuition fees cap come down from £9,000 to £6,000.
Students from lower-income backgrounds would receive up to £400 extra per year in maintenance grants.
This change would be funded by restricting pension tax relief for the highest earners while the student grants increase would be paid for by asking the highest earning graduates to contribute a little more.
Andrew said, "After promising to sort out undergraduate financing in 2011, Ed Miliband is doing just that with this announcement today. Having a huge amount of debt is understandably a big worry for young people. We need a Government that will invest in our young people, so that they can make the most of their potential. Saddled with unaffordable debt, young people are among the biggest victims of the Liberal Democrats, who made a promise before the last general election to abolish tuition fees then went into Government and trebled them."
By stopping the Building Schools for the Future (BSF) programme, the Coalition Government affected schoolchildren's ability to get the high-quality education they deserve. By eliminating the Education Maintenance Allowance (EMA), the Government affected the ability of high school leavers from low income background to go to College. And by trebling the tuition fees cap, the Government saddled students with significant debt.