Even without the fee rises there is suddenly going to be as hole in the budget, as up to now many people paid at least some part upfront, with the new system all fees are only payed once graduates are earning.
And then adding the increase in fees just makes this much worse.
But at the same time the increase in fees had to happen, and deferring the payment was the only way it was realistically going to happen, many people couldn't afford it otherwise.
So in the short term it's a bad thing for the budget, but in the long term it's better for everyone.
Well, makes sense really.
Even without the fee rises there is suddenly going to be as hole in the budget, as up to now many people paid at least some part upfront, with the new system all fees are only payed once graduates are earning.
And then adding the increase in fees just makes this much worse.
But at the same time the increase in fees had to happen, and deferring the payment was the only way it was realistically going to happen, many people couldn't afford it otherwise.
So in the short term it's a bad thing for the budget, but in the long term it's better for everyone.