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Removing the cap would, however, burden graduates with years of extra repayments, lasting in some cases until the end of their working lives.
The trouble with the Conservative victory in the election is not only that we are stuck with a system of funding higher education that will burden graduates with debt while taxpayers continue to contribute almost as much as before – a lose-lose situation by any standard.
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Corresponding to this expectation is the worry that the huge cost of higher education (and the resulting levels of debt burdening graduates) greatly reduces its economic value.
In the US, student debt, now in excess of $1.2tn (more than all credit-card debt), is becoming a burden for graduates and the economy.
The New York Times recently reported that total student debt now exceeds $1 trillion and has become a crushing burden for graduates.
The role of student loans - which often place a significant burden on graduates long after they have completed their studies - also comes under scrutiny.
Deep cuts were avoided in the chancellor's autumn statement – admittedly by burdening future graduates with even higher levels of debt and disadvantaging already disadvantaged students by scrapping maintenance grants.
The Romney campaign also derided Mr. Obama's answer to a question in an interview over the weekend with WMUR, a New Hampshire television station, about why financially burdened college graduates should support his bid for re-election.
But going one-on-one with a therapist isn't the only way to lighten the psychic burden of graduate school.
Evidence of their difficulty is found in the heavy level of debt that burdens college graduates.
And you face the added burden of graduating into a tough job market.
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