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University Subsidy Cut in UK Will Lead to Tuition Fee Hike

£3 Billion Funding Cut to Uni\'s Could Have Implications for Manx Students

One the key announcements in yesterday’s UK spending review could potentially have a major knock on to the Isle of Man.
 
Universities will be forced to raise their fees in an effort to offset a £3 billion cut in subsidies that needs to be reached by 2014-15.
 
These decisions come in line with the recommendations of the Browne review, which called for students to pay a larger share of their education; his proposals however only implied savings of £1.8 billion.
 
As it stands the Manx Government have committed £11.5 million to cover tuition costs for Manx students moving onto higher education.
 
Education and Children Minister Eddie Teare said it's too premature to comment and ultimately they have to await a further announcement from the Universities themselves.

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