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"What the subsidy is doing is driving up prices by encouraging well-off people to take out bigger loans, to buy bigger houses," said Roberton Williams, a fellow at the Tax Policy Center.
Exeter says it will introduce a new package of fee waivers and bursaries to encourage more applications from less well off students.
The university - which also has a campus in Falmouth, Cornwall - said it was developing a new package of fee waivers and bursaries to encourage more applications from less well off students.
To encourage saving and thrift among the less well off, and to give them a stake in society, various forms of asset-based redistribution have been proposed.
The well off and those with extra and unwanted clothing in their houses will be encouraged to donate.
Well off I went.
HOW well off are Americans?
Well off, comfortably off, struggling.
Are we well off?
"My balance was well off," he says.
The cuts bring the average cost of courses starting next year to £8,354, falling to £8,071 when fee waivers – a scheme under which universities forgo a year or more of fees to help or encourage clever or less well-off students – are included.
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