Tuition fees in England could be limited to an average of £6,000 per year while maintaining cost neutrality for universities. A study from London Economics argues that cutting fees could reduce the amount students need to borrow, lowering Treasury lending costs as not all loans are fully repaid. This savings could fund more university places. Currently, students pay up to £9,000 per year in fees through income-contingent loans that are repaid once earnings reach £21,000. However, lower salaries mean loans are repaid more slowly and may not be fully paid back.