Higher Education (Basic Amount) (England) Regulations 2010

I apologise to the noble Lord. I have already been speaking for 11 minutes and if I were to take his intervention, I would be testing the patience of the House, so I will finish. The noble Lord, Lord Triesman, painted a Dickensian picture of the poor family who cannot afford to pay the fees. However, it will not be poor families who pay, but graduates when they are earning more than £21,000. The question is; are these proposals fairer or less fair than the present system? The answer is that instead of starting repayments on a salary of £15,000, students will start them on a salary of £21,000. The level of their repayment will be about half what they are paying at present. The rich will pay more than the poor; that is not the case under the present system. Part-time students will not pay up front; that is not the case at present. The fact that students will be repaying the costs for longer will mean that they will be able to repay when their salaries are higher. Many students have told me that one consequence of the present system is that they are repaying in their mid-30s, precisely when it is most difficult. They will now be repaying in their mid-40s, when it will be far easier. When I vote tonight in favour of the proposals, I will vote not out of defensiveness but because I believe that they are progressive, that they will be followed elsewhere in the world, that they are right for higher education and, above all, that they are fairer for students, especially students from poorer families.