Labour has pledged to cut university tuition fees in the UK from £9,000 to £6,000 per year if elected. This would significantly reduce the average student debt level, which is currently around £44,000 under the Conservative-Liberal Democrat system. Labour argues their plan would be fairer for both students, by reducing debt loads, and taxpayers, by lowering predicted government debt levels by over £10 billion by 2030. However, the Liberal Democrats want to keep fees at £9,000 due to concerns about reducing university funding. Polls show Labour currently has more support among younger voters due to tuition fee issues, which could influence key electoral races.