Labour leader, Ed Miliband is set to announce how his party intends to fund plans to cut the £9,000 university tuition fees by a third.
According to a BBC report, he will reveal how a Labour government would pay for such a reduction – which could include reducing tax relief on pensions for high earners.
The rising level of student debt has been a “disaster”, he will say.
A Conservative spokesman said under the current system, the numbers of students from disadvantaged backgrounds were at their “highest ever level”.
Business Secretary Vince Cable said cutting fees would be “completely financially illiterate”.
Universities UK has warned that limiting the fees to £6,000 per year would create a £10bn funding gap over the next five years, threatening “significant damage” to the higher education system.
In a speech in Leeds, Mr Miliband will explain how cutting fees would be funded.
This could include reducing tax relief on pensions for high earners, which would be used to provide funds for universities to bridge the gap from reduced fees.
It is also expected that the Labour leader will promise more support for students’ living costs. There have been concerns that young people from middle-income families do not have access to sufficient student loans.
The announcement of Labour’s policy on fees has been much delayed, with reports of disagreements between senior party figures over whether cutting tuition fees should be a priority for investment.