Britain should let university tuition fees rise

The financial strains on British universities are becoming hard to ignore. In the academic year just gone 40% of British universities ran deficits. The number is probably higher now. How to handle a failing university is no longer an academic question. The effect of tighter immigration rules on numbers of foreign students, who pay higher fees than native ones, is one reason why the universities are under pressure. But the sinking value of tuition fees is another. The cap of £9,000 ($11,880) that was put in place 12 years ago has been raised only once since then, and by a tiny amount, to £9,250. Inflation has eaten away at its value: it is now worth less than £6,500 in 2012 money.