11:38 GMT +327 March 2017
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    The Union Jack (bottom) and the European Union flag are seen flying, at the border of Gibraltar with Spain, in the British overseas territory of Gibraltar, historically claimed by Spain, June 27, 2016, after Britain voted to leave the European Union in the EU Brexit referendum

    Brexit Set to Trigger Massive Tuition Hikes at Universities Across Britain

    © REUTERS/ Jon Nazca
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    Europe’s younger generation once again is left to face the consequences of a bad economic decision made by their parents and grandparents.

    Colleges and universities across the United Kingdom warn that in the wake of Britain’s historic vote to leave the European Union they may be forced to saddle students with higher tuition bills in order to plug funding gaps caused by the economic shake-up.

    This is not the first time that Britain’s prestigious higher education system has stood against the country abandoning their place in Europe with about 80% of universities issuing a joint appeal to "Remain" in the 28-country bloc citing concerns that the vote may ultimately lead to decreased enrollment rates from other European countries and may force the universities to increase tuition rates for students from both the UK and the rest of Europe.

    Students from other EU member states studying abroad in Britain appear likely to be the hardest hit.

    Undergraduate tuition and fees for British and EU students are capped at an already egregious maximum amount of £9,000 ($12,000), but for international students studying at British universities face tuition and fees that sometimes exceed £37,100 ($50,000) per year stacking up with some of the United States most expensive universities. 

    Currently there are 125,000 such students from European countries studying in the UK, or about 5.5% of the total population, and the proportion is much higher at some universities such as Cambridge where 16% of students are from other EU states.

    However, with European students now facing the specter of a life-time of college debt only rivalled by the plight of American students even top-10 universities worldwide such as Oxford, Cambridge, and Imperial College London now worry that they will not be able to retain incoming students and will lose prospective students. 

    The drop off in foreign students is likely to have a bounce back effect forcing the country’s universities to charge British students up to the £9,000 cap and lobby for an even higher bar in the years to come, or begin to drain university endowment programs. 

    Europeans students also find themselves disgusted with the dramatic turn in cultural values by the British people which may also impact the number of students who consider spending their money at a university in the UK.

    "I cherish European values," said Bettina Sakiotis, a 17-year-old Greek living in Luxembourg who has been offered a place by two English universities starting in October. "Voting for Brexit shows that we are not on the same page."

    It seems once again that a foolish decision by the older generation will once again shape the future of their children and probably not for the better.

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    Tags:
    Student Loans, student debt, tuition, British parliament, University of Cambridge, University of Oxford, Michael Gove, Boris Johnson, Theresa May, Andrea Leadsom, Jeremy Corbyn, David Cameron, Berlin, Brussels, Cambridgeshire, Oxford, London, Westminster
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    • avatar
      cast235
      Careful. E.U , Washington are trying to scare Britons, with apparent dire consequences.
      Like removing the AAA for AA.. Based on what? Brit have NOT signed the art 50 as yet. NOTHING is changed.
    • Mark Mamangkey Tjost
      will not happen, the happen is free for school until university. Cost from Gofherment (Pameranteh).
    • Gold
      Another blatant and untrue scare story about Brexit. I really expected netter from Sputnik. Europes younger generation already are facing the consequences of bad decisions- not by Brexit voters but by those that want to stay min. The EU has destroyed employment for millions, youth unemployment is over 20% in many Euro countries. The taxation policies there are disastrous for small companies who provide most jobs. Voting to leave this economic basket case before they manage to do the same to Britain is not a bad decision. And anyway with our foot dragging politicians wanting to take 2 years to leave the EU nothing is going to change for at least that long. Do better Sputnik or you'll be regarded in the same light that the MSM is in Britain.
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