Shadow universities minister Liam Byrne has waded into the debate stating David Cameron's finance system has lost credibility, he said:
"David Cameron's student finance system has lost its last shred of credibility."
He also stated that degree costs have trebled previous to this announcement which could now damage "public confidence."
More top news
Approaching Atlantic frontal systems will give a wet and windy night right across the UK with some heavy bursts of rain for everyone.
Kelly Osbourne has quit Fashion Police after the E! show came under fire over a comment Giuliana Rancic made about Zendaya's dreadlocks.