Labour has won the 2024 election, but what does it mean for students? (Image: Getty)
Labour has won the 2024 General Election after a landslide victory of 412 seats with a handful of results left to come.
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And after 14 years of Conservative leadership the UK is about to experience what a Labour government can do, something a lot of people are looking forward to.
But with all the pledges made by leader Keir Starmer in the manifesto, one area that seems slightly unclear is what they plan to do with higher education.
University students make up a huge part of the voting population and with the ever pressing matter of the price of tuition loans and affording to go to university, students want to see a change.
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In their manifesto, Labour shared their plans for reforming both further and higher education.
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There was one message from the manifesto that really highlighted just what Labour thinks of the whole system at this point in time.
It said: “The current higher education funding settlement does not work for the taxpayer, universities, staff or students.
Labour will act to create a secure future for higher education and the opportunities it creates across the UK.
We will work with universities to deliver for students and our economy.”
But beyond sharing they want to ‘improve access to universities and raise teaching standards’ very little was shared about the party’s plans for higher education in its manifesto.
Read More Full list of the 120 Conservative MPs who survived Labour election landslide
In a recent debate created and held by the team at MoneySavingExpert prior to the election, all party leaders were given the opportunity to answer the same questions all concerning different policies that impact consumer finances - including one on student finance.
In response to the question posed, Keir Starmer offered an in depth answer which shed a little more light on what students may be able to expect from this new Labour government.
Acknowledging the ‘struggle’ students have faced ‘under the Conservative’ party Keir shared there will be many ways that they will implement to ‘ease that pressure’.
They plan to remove age bands on the national minimum wage, so young people can no longer be paid less, and for the first time take into consideration the impact of the cost of living when setting the minimum wage.
Another point he made in his response was he plans to ‘drive-up standards in rented accommodation’ aiming to save students up to ￡250 a year in heating bills.
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But the biggest elephant in the room when it comes to universities and students is the tuition fee system, something Keir referred to as ‘broken’.
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While he didn’t share exactly what changes might be made, he highlighted that the party will work through the current model ‘with students and with universities’ making changes to a ‘system we know isn’t working’.
And taxpayers may worry what this could mean for them, but Keir was quick to share that these changes will be made ‘without putting any more burdens on the taxpayer because we know working people are really struggling’.
Only time will tell what will happen for students under this new Labour government but this is a momentus day for UK politics.
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