UK universities push for tuition fee hike
UK universities have proposed a reform package aimed at increasing participation among under-25s to 70% by 2040, enhancing the economy, training healthcare professionals, and supporting net-zero initiatives. The report by Universities UK calls for...
By ET Online |
Agencies
UK universities have set out a package of reforms including how to widen participation to 70% of under 25s by 2040, to help boost the economy, to help train doctors and nurses, and support the drive to net zero, as per a report on behalf of Universities UK.
Calling for an increase in public funding so that the cost of university is rebalanced towards the government rather than students, the report said that tuition fees must be index-linked to inflation, “not to address the funding shortfall, but to allow fee income to maintain its real-term value over time”.
“This is an essential step that must be taken a as soon as possible, alongside increasing maintenance loans in line with inflation and reintroducing grants for the poorest students,” the report said, highlighting the 12-year virtual freeze in tuition fees that has “decimated” university finances.
As per the Pie News report, in June 2024, the OfS annual review predicted that a significant decline in international student numbers, coupled with no cost-cutting activity could lead to up to 80% of institutions being in deficit by 2026-27.
In the UK, the government covers 16% of higher education’s costs – one of the lowest proportions among developed countries, the Pie New report says.
The report quoting The Times, says ministers are in “live” discussions about increasing university tuition fees to £10,500 over the next five years, though this would need to be approved by the Chancellor Rachel Reeves.
Calling for an increase in public funding so that the cost of university is rebalanced towards the government rather than students, the report said that tuition fees must be index-linked to inflation, “not to address the funding shortfall, but to allow fee income to maintain its real-term value over time”.
“This is an essential step that must be taken a as soon as possible, alongside increasing maintenance loans in line with inflation and reintroducing grants for the poorest students,” the report said, highlighting the 12-year virtual freeze in tuition fees that has “decimated” university finances.
As per the Pie News report, in June 2024, the OfS annual review predicted that a significant decline in international student numbers, coupled with no cost-cutting activity could lead to up to 80% of institutions being in deficit by 2026-27.
In the UK, the government covers 16% of higher education’s costs – one of the lowest proportions among developed countries, the Pie New report says.
The report quoting The Times, says ministers are in “live” discussions about increasing university tuition fees to £10,500 over the next five years, though this would need to be approved by the Chancellor Rachel Reeves.
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