LECTURERS slammed the “shambolic” higher education funding system yesterday after axed minister David Willetts came clean over plans to let universities raise fees — if they collect their own students’ debt.

The Tory admitted the idea was under consideration at the Department for Business and Skills (BIS) during Monday’s episode of Newsnight.

He said ministers and officials may allow institutions to charge more than £9,000 a year if they play debt collector.