Plans by the UK government to let universities have unlimited scope to increase tuition fees are to be studied by the Manx government.
But Education Minister Eddie Teare said it would try to keep helping students.
Most Manx students get the bulk of their fees paid by the government. Post-graduate students have to pay a portion, as well as those in the last year of a four-year course.
"We are already ahead of the game," said Mr Teare.
He added: "It's very difficult for us to decide the way forward at the moment and it would be very premature to speculate what the outcome could be."