Labour and Tories will leave students with £44,000 debts says Clegg

The Liberal Democrats have chosen today to highlight the fact that students will be saddled with debts as high as £44,000 in the next five years under Labour and Conservative plans to raise tuition fees after the election.

According to recent reports, it is predicted fees could rise to £7,000 under Labour or the Conservatives.

Only the Liberal Democrats are committed to scrapping tuition fees and opposing any attempt to raise them. They have said that they will phase out tuition fees over six years, starting by immediately scrapping final year fees for students doing their first degree.

Liberal Democrat Leader Nick Clegg said: “Labour and the Conservatives have been trying to keep tuition fees out of this election campaign. It’s because they don’t want to come clean with you about what they’re planning.Despite the huge financial strain fees already place on Britain’s young people, it is clear both Labour and the Conservatives want to lift the cap on fees. If fees rise to £7,000 a year, as many rumours suggest they would, within five years some students will be leaving university up to £44,000 in debt. That would be a disaster. If we have learnt one thing from the economic crisis, it is that you can’t build a future on debt.

“The Liberal Democrats are different. Not only will we oppose any raising of the cap, we will scrap tuition fees for good, including for part-time students. We can’t do it overnight, but we can start straight away with students in their final year – that way means anyone at university this autumn will have their debt cut by at least £3,000. Students can make the difference in countless seats in this election. Use your vote to block those unfair tuition fees and get them scrapped once and for all.”

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