Educated guess: The UK government will set the terms for the next generation of apprentices, as well as a national system for paying for higher education, when it decides to leave the European Union.
According to the Institute for Fiscal Studies, the UK is due to pay £1.9bn ($2.1bn) for all its graduates by 2020, but this will increase to £1bn ($1.8bn) by 2020-21.
It is estimated that the average British household will be paying £2,500 ($3,100) per year for its first two years of higher education.
The government is also likely to set the amount of support schools receive to students and apprentices.
But the research group said that the amount raised by the government, if it were to follow the UK’s model, would be “very modest” and would “not lead to significant increases in the funding of higher learning”.
“In fact, if the UK were to leave Europe, the government could see that there would be a significant impact on the funding that we receive from the UK,” it said.
Its research suggests that the government’s target for apprenticeships is set to be around £9,000 ($13,100), which is lower than the UK average.
“This is due in part to the fact that apprenticeships are typically paid on a first-come, first-served basis, which means that those who receive apprenticeships will be at a disadvantage compared to those who do not,” it added.
Education Minister Nick Gibb said the government will “take action to ensure that we deliver the right skills and support to the best of our ability to deliver the future for the country”.
However, he said the issue is “further down the road” and the government has no immediate plans to change the current funding formula.
More to come.