By deferring even further the payback from studying the Government is making a university education seem even more unattainable to the poor.
Even middle-class children will now think twice. Who can say what the income advantages of a degree will be when half the population has one?
If elite universities need more money to compete as world-class research institutes, presumably we all stand to gain and should be ready to pay through general taxation. Why should their students be made to pay for it?