Although the government claimed that its subsidy is in the region of 30% to 40%, we saw evidence indicating that individual contributions from students graduating today could be as high as 95%. That was not what the government or Parliament intended, when Parliament agreed the Plan 2 legislation. Society benefits from individuals going to university. Therefore, society should contribute to the cost of an individual’s higher education. We agree with Sir Philip Augar that the split between state and individual should be around 50:50. Terms and conditions matter. Even a very clever system that strikes a generally acceptable balance between the taxpayer and individual contributions will not be sustainable in the long term, if individual terms and conditions within that system are deemed economically or politically intolerable by stakeholders or loan holders. (Conclusion, Paragraph 18)