Higher education (HE) in England has been subject to near-constant reform over the past two decades.  The most notable of these was the 2012 trebling of tuition fees to £9,000 and the removal of caps on expansion. Chris Belfield summarises the current state of higher education policy in England, exploring how this and other market reforms have impacted the short- and long-term cost to government, the burden on graduates in terms of repayments and debt levels and the level of funding per student that universities receive