<p><br /> Graduates will have to pay more for their university education in the future, Vince Cable has revealed, under sweeping reforms being considered by the Government.<br /> </p><p><br /> Higher graduate contributions are the "only possible way forward" to make the higher education system fairer and sustainable for the future, the Business Secretary said.<br /> </p><p><br /> Mr Cable was setting out a more "progressive" system of funding that includes proposals for a so-called "graduate tax".<br /> </p><p><br /> And he admitted that as the university sector becomes more competitive, it is inevitable that some institutions will struggle and should be left to fail.<br /> </p><p><br /> In his first speech on higher education, Mr Cable told a meeting at London South Bank University: "The reality is we are going to have to develop a model in which the balance of funding for higher education in England combines less public support and more private investment from those who benefit most from it."<br /> </p><p><br /> Students "almost certainly will have to pay more", he said.<br /> </p>
