TUITION fees could soon soar to £10,000 a year after George Osborne’s Budget snuck in new exceptions to the current cap, an independent commission warned today.

A new study by the Independent Commission on Fees found that teenagers are increasingly worried about crippling debt after university.

In what is the commission’s last report it was also revealed that compound interest at 3 per cent from 2017-18 meant the Chancellor’s policy could lead to some institutions charging £10,000 by 2020.

Warwick for Free Education member Craig McVey told the Star: “The only cost-efficient way to sustain great quality higher education is through free education paid for by general taxation and the democratic running of universities by staff and students.”