Good news for students in the UK: even with the uptick in fees, you'll still have a chance to save some tuition money.

If the new government proposals pass muster, universities in England will be able to offer students accelerated two-year degree programs, which would cut tuition by 20 percent.

According to The Independent, universities minister Sam Gyimah said higher education institutions would charge about £22,000 for the fast-track program, which is about £5,750 less than a full, three-year course.

He explained that he hoped the two-year option would make higher education more appealing by reducing the time commitment and making the debt more manageable. 

He said, "Accelerated degrees not only make it possible for the next generation of students to access higher education and the undeniable financial, academic and personal benefits it has to offer but drives the sector to offer dynamic choices that serve students’ needs."

How does the UK plan to cram a three-year degree into two? The courses will have the same number of hours but will be jammed into two extended 45-week school years.

This plan will require parliamentary approval. Gyimah explained that, if approved, the program could start as early as next year.

Sir Anthony Seldon, vice-chancellor of the University of Buckingham, explained that he supports the idea, but has some reservations. He told the BBC, "Universities offering three-year degrees will find it difficult to restructure.

“We would like the universities minister to engage in discussions with us in order to assist independent providers who offer two-year degrees.”

Stay tuned for updates on the parliamentary vote!

Learn more about studying in the UK.