NUS accepts that John Hemming was right on Student Fees
The NUS have circulated a memo which is on their website here
That includes the following:"the vastly increased numbers of graduates that will never pay the loan off are in fact what makes the system relatively progressive"
and"Much has been made of the Government’s 80% cuts to teaching budgets; of course, whilst thats true, there has not been an 80% cut to the overall Universities budget- in fact the subsidy has been moved into this state backed, loan based voucher scheme. Overall the Government will put in about 40% less, with the rest assumed to be being made up by larger contributions from richer graduates."
In other words the subsidy is being moved from a general one into one which benefits the less well off graduates. What is what I said.