The trebling of tuition fees to £9,000 per year will "cost the public purse more than the old one", a union leader will warn.
Sally Hunt, from the University and College Union, will say the Government had claimed to have settled funding for a generation.
But the reality is that it is now a disastrous, unstable mess.
Despite the tripling of tuition fees, experts now think we are not far away from the point when this new system will actually cost the public purse more than the old one.
Meanwhile, the further education loans system has been completely abandoned for apprenticeships and is running woefully under target for other adults.
All this means funding must be an issue at the general election.
More top news
Serge Pauwels took overall victory in the Tour de Yorkshire after winning Sunday's final stage into Fox Valley near Sheffield
Police have been forced to close down motocross event near Sedgefield after one rider was killed and another seriously injured.
A woman hit by police gunfire during a counter-terrorism operation has been arrested after being released from hospital.