MPs warn of university finance dangers

England's universities could be hit by a funding gap due to a miscalculation over the number that will charge top tuition fees, an MPs' report has warned.

The Public Accounts Committee (PAC) said more universities than expected were going to charge fees of £9,000.

As the government pays fees up front and recoups the money when students graduate, it could cost taxpayers an extra £95m a year.

Speaking to the BBC, PAC chair Margaret Hodge said the new funding model presented dangers for the taxpayer, students and universities.

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