Unis face financial crisis – fight for funding not fees

Robbie Davidson, Manchester Socialist Students

Following years of financial decline amongst universities in the UK, it appears that bosses are facing a new low. The uni regulator ‘Office for Students’ is projecting economic trouble for nearly three-quarters of universities by 2025-26.

While the propaganda arm of the capitalist class acts as if this is a shocking new development, students and workers have been experiencing the consequences of this downturn for a long time, with growing class sizes, wage cuts, course closures and redundancies. All of which are set to escalate, unless we fight back.

This downturn hasn’t been felt in the pockets of management. But ordinary young people have been hit with a rise in tuition fees and the worst student cost-of-living crisis in history.

Rents, students working alongside their full-time degree, student food bank use, and the percentage of students dropping out, are all at their highest rates ever. Now we are being threatened with further course closures and university mergers to make ends meet.

The answer is clear, and is resonating with many on campuses. It’s time our education, and our future livelihoods, were run in our interests – paid for by the £21 trillion in new wealth that the richest 1% worldwide got their hands on in the last four years alone.

This is why we have taken to the streets raising the demands of our ‘Funding not Fees’ campaign, and received a positive response. Few students disagree with an end to tuition fees, grants not loans, cancelling debt or fair pay to all, and many will be prepared to rally against the university bosses when more attacks come in the future.

Budget fails students

Labour’s policy? Say nothing!

Socialist Students steering committee statement

University students are suffering again this term. The gap between our maintenance loans and actual living costs has never been higher. Most of us have to work long hours in low-paid jobs just to afford to study. Rents have soared yet again, and courses are being cut at a record number of universities. For the first time ever this year, the proportion of working-class students attending university has fallen – and no wonder.

Labour’s Budget has done nothing to stop the rot. In the 170-page document published by the Treasury today, the word ‘university’ appears just twice – and only to announce some crumbs for the “commercialisation” of research.

The Budget is a continuation of attacks on students and university workers seen under the Tories. It confirms Labour’s immediate approach to the university funding crisis, which is to allow university bosses to continue making savage cuts to jobs and courses.

At the same time, by allocating no new money for universities, it remains a strong possibility that Labour will look at raising tuition fees in the follow-up to this Budget – potentially allowing fees to rise with inflation, to give universities a small funding boost in the short-term.

Faced with a higher education sector in crisis, and the spectre of university bankruptcies hanging over their heads, Labour will try to make students and staff pay, not big business and the super-rich, whose interests this Labour government obediently serves. On the same day as the Budget, the government announced they will be legislating for reform of the fee system next year. Even bigger attacks on students could be in the pipeline under Starmer.

Socialist Students has been preparing for the nightmare facing students and staff this year. That’s why we initiated the ‘Funding Not Fees’ campaign this term, as a step to building a movement for fully funded, free education with living grants for all, paid for by taking the wealth and resources off the super-rich. As part of the Funding Not Fees day of action around Budget Day, Socialist Students protested on over 20 campuses across the UK.

Socialist Students will be reaching out to student organisations, trade union branches and others over the rest of this term to build the Funding Not Fees campaign. We want to organise mass campus meetings, lobbies of our local MPs, and more protests and rallies around the country to demand a socialist solution to the capitalist crisis in education – not more cuts, cost-of-living crisis, and fees.

Join us!