Reforms to higher education finance: the main ‘winner’ from the reforms is the taxpayer while the main ‘loser’ is the average graduate

Haroon Chowdry, Lorraine Dearden, and Wenchao (Michelle) Jin analyse the financial implications of the reforms to higher education finance for students, graduates, taxpayers and universities. The reforms will save taxpayers money and the poorest 29 per cent of graduates will actually be better off under the new system, but the average graduate will be worse off.