Universities: Finance

(asked on 27th October 2020) - View Source

Question to the Department for Education:

To ask Her Majesty's Government what assessment they have made of the sustainability of the current university funding model.


Answered by
Lord Parkinson of Whitley Bay Portrait
Lord Parkinson of Whitley Bay
Parliamentary Under Secretary of State (Department for Culture, Media and Sport)
This question was answered on 10th November 2020

We have a progressive student finance system which delivers a fair balance of costs between graduates and taxpayers, while ensuring going to university is affordable for all who choose to do so. The government subsidises around 50% of the cost of higher education. This level of subsidy is an important and conscious investment in the long-term skills of the nation and ensures access to university for all with the potential to benefit from it.

An independent panel, chaired by Philip Augar, undertook a review of post-18 education and funding at the behest of the government in 2018–19. This included an extensive programme of engagement and a call for evidence.

The government is carefully examining the Augar Report and its recommendations as part of the wider Post-18 Education Review. We are considering a response alongside the Spending Review, with a view to providing certainty to providers and students.

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