Welsh universities set for large funding increaseTimes Higher Education.
Wales is introducing a similar undergraduate funding system to England: the government is phasing out the central teaching grant and replacing it with student tuition fees of up to £9,000 (US$14,6000) a year. The difference is that Welsh students only have to pay £3,575 of their fees and the Cardiff government will make up the rest. Welsh universities are getting a funding boost in 2013-14 because the increase in fee income is outstripping cuts in the teaching grant.
Full report on the Times Higher Education site