It includes, among others, the Office for Students (OfS) as the regulator of HE, the Institute for Apprenticeships and Technical Education (IfATE; part of the Department for Education (DfE)), the Education and Skills Funding Agency (also part of the DfE), Ofsted and the exam regulator Ofqual. [...] The main changes were a reduction in the repayment threshold from £27,295 to £25,000 and the extension of the repayment period to 40 years as well as the removal of real interest rates (during and after study).157 These alterations to interest rates did not align with the proposals in the Augar Review because the Government had instead decided to move to a system in which “no new borrowers… repay. [...] The ‘Student Premium’ element of the OfS teaching grant provides “additional resource for students at the highest risk of dropping out.”189 The OfS has allocated £306m for the Student Premium for the 2023-24 year, with the purpose of “meeting the needs of students…that are underrepresented in higher education or who need additional support to achieve successful outcomes”.190 The amount of funding. [...] A recent report from the OfS on the financial sustainability of HE observed that “providers highlighted the difficulty in continuing to deliver loss-making courses and the need to consider diversification and rationalisation of courses”, yet providers also “suggested that this can be challenging when considering the mission of the provider and can affect the attractiveness of the provider to staff. [...] The Augar Review highlighted that “the low number of apprenticeships in the priority areas in the Industrial Strategy… indicates a clear mismatch between the economy’s strategic demands and current apprenticeship starts”.210 In terms of solutions, the Review called on the Government to “take a more proactive role”211 and “monitor closely the extent to which apprenticeship take up reflects the prio.
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- Pages
- 95
- Published in
- United Kingdom
Table of Contents
- About the authors 2
- Acknowledgements 3
- About EDSK 5
- Contents 6
- Executive Summary 1 6
- 1 Introduction 12 6
- 2 Funding for institutions 17 6
- 3 Regulation and quality assurance 25 6
- 4 Student finance and widening access 32 6
- Regional factors 38 6
- The role of employers 44 6
- Recommendations 50 6
- Areas for further consideration 75 6
- Conclusion 79 6
- References 81 6
- Executive summary 7
- Funding for institutions 7
- Regulation and quality assurance 9
- Student finance and widening access 9
- Regional factors 10
- The role of employers 12
- Conclusion 12
- Recommendations 13
- A new foundation for tertiary education in England 13
- A better deal for students 14
- A fairer funding settlement for tertiary education 14
- A localised model for delivering tertiary education 15
- Rethinking the quality and regulation landscape 16
- Building a tertiary qualification system 17
- 1. Introduction 18
- 2. Funding for institutions 23
- The disjointed approach to higher-level study 23
- The complexity of lower-level provision 25
- Inconsistencies in calculating the cost of courses 26
- Distortions caused by funding incentives 28
- The lack of long-term thinking on funding 29
- 3. Regulation and quality assurance 31
- Overlapping roles and responsibilities 31
- The work of the Office for Students 32
- Significant overlap for Level 4 and 5 qualifications 34
- Confused approach to quality assurance 35
- Regulatory and data collection burdens 36
- 4. Student finance and widening access 38
- Concerns over loan repayments 38
- Insufficient levels of maintenance support 40
- Questions over improving access to higher-level study 42
- 5. Regional factors 44
- Duplication of tertiary provision 44
- Dealing with cold spots 47
- 6. The role of employers 50
- The impact of the apprenticeship levy 50
- Yet another new funding pot 52
- Absence of wider coordination with employers 53
- 7. Recommendations 56
- A new foundation for tertiary education in England 58
- RECOMMENDATION 1 58
- RECOMMENDATION 2 59
- A better deal for students 61
- RECOMMENDATION 3 61
- RECOMMENDATION 4 62
- RECOMMENDATION 5 63
- A fairer funding settlement for tertiary education 63
- RECOMMENDATION 6 63
- RECOMMENDATION 7 64
- RECOMMENDATION 8 65
- RECOMMENDATION 9 66
- A localised model for delivering tertiary education 68
- RECOMMENDATION 10 68
- RECOMMENDATION 11 70
- RECOMMENDATION 12 71
- RECOMMENDATION 13 72
- Rethinking the quality and regulation landscape 73
- RECOMMENDATION 14 73
- RECOMMENDATION 15 75
- RECOMMENDATION 16 76
- Building a tertiary qualification system 78
- RECOMMENDATION 17 78
- RECOMMENDATION 18 79
- 8. Areas for further consideration 81
- Provision for 16 to 18-year-olds 81
- Private versus public sector bodies 81
- International students 82
- Research funding 82
- Franchising and subcontracting 83
- Online provision 83
- A new approach to data 84
- Conclusion 85
- References 87
