Fascinating insight into how students are using their funds.
Understanding this data will help Universities more effectively target the delivery of student support.
#PaymentsWithPurpose
📢 Read all about it!
How do 163,000 students utilise funding issued via universities?
Our 23/24 report uncovers key insights into spending habits and the financial challenges faced by students today.
📝 Dive into the findings, as featured by Wonkhe, here:
https://lnkd.in/eZPgvSmv
Share your thoughts below—what stood out to you the most?"
#PaymentsWithPurposePayit™
📢 Read all about it!
How do 163,000 students utilise funding issued via universities?
Our 23/24 report uncovers key insights into spending habits and the financial challenges faced by students today.
📝 Dive into the findings, as featured by Wonkhe, here:
https://lnkd.in/eZPgvSmv
Share your thoughts below—what stood out to you the most?"
#PaymentsWithPurposePayit™
🎓 Higher education in England faces major financial challenges, new Office for Students report reveals:
💷 40% at risk of cash crisis
📊 72% of universities could face deficit by 2025-26
🌍 International student applications down 16%
📉 £3.4B projected sector-wide income reduction
🚨 Universities are taking action, but "bold and transformative" measures needed to secure future sustainability.
Read the full article here:
https://lnkd.in/exwq_Quu#HigherEducation#Universities#OfS
🎓 Higher education in England faces major financial challenges, new Office for Students report reveals:
💷 40% at risk of cash crisis
📊 72% of universities could face deficit by 2025-26
🌍 International student applications down 16%
📉 £3.4B projected sector-wide income reduction
🚨 Universities are taking action, but "bold and transformative" measures needed to secure future sustainability.
Read the full article here:
https://lnkd.in/eZEFGVJT#HigherEducation#Universities#OfS
🚨Labour have announced an increase in tuition fees. Do students need to panic?
TLDR: No 😮💨
‼️ What’s the detail?
👉🏻 Since 2017, tuition fees have been frozen at £9250 per year
👉🏻 With a Higher Education sector in financial trouble, Labour have decided to apply an inflationary increase to tuition fees from Sept 2025 academic year, from £9250 to £9535 per year
‼️ What does it mean?
⭐️ Universties will have access to more money per student to invest in students’ education, making it easier to deliver high quality provision and adapt to developments like AI and lifelong learning
⭐️ The vast vast majority of students will not pay more as a result of the increase. Loans are paid back once graduates start earning over a certain amount. The repayment threshold (the salary you have to earn before you start making monthly repayments) and the repayment term (how many years you’ll make repayments for) are unchanged. Only those graduates who are most well-off will likely just repay their loans each month for longer where previously they may have hit the repayment term end before paying it all off.
Though the maximum maintenance loan value will also increase im disappointed that DfE seem to have been unable to convince treasury of the need to re-introduce student maintenance grants. That said, overall this announcement means that universities will be in a much better position to deliver the student experience that they promise on prospectuses, and for that I am glad.
I look forward to seeing what further reform Labour is planning in the coming weeks, particularly in the space of quality.
https://lnkd.in/e7TUq4kW#HigherEducationPolicy#TuitionFees
Independent adviser, interim CFO/CRO. Specialist in corporate finance, financial oversight, asset realisation, debt advisory and restructuring in the education sector and around the public sector
I agree with a lot of this Philip Augur article in the Financial Times and I hope it gains attention in the right places. Many universities need to become much better at running themselves with well defined target markets, strategies and student : staff ratios. As the article suggests, no doubt the government will want to avoid the biggest employers and economic contributors to 'left behind' towns and cities to carry on at scale, avoiding 'cold spots' of types of provision, some of which cannot be delivered sustainably in any institution due to frozen tuition fees.
#university#universities#highereducation#restructuring
Why we shouldn't be surprised about the decline in university applications.
If you choose to study business at 45 out of the 120 universities who offer it as a subject, there's a 33% chance you'll not be in a graduate level job fifteen months later. Choose psychology and it's the same at 66 out of 116 universities.
We have too many weak universities in this country so desperate for cash that they offer places to young people with very low grades, put them on 'foundation year' courses, extract £34,000 in tuition fees from The Student Loan Company, then turf their students out into the big wide world, where so many then have their dreams shattered.
The only way their lives have been transformed is the £60,000+ loan which will be on their backs for the next few decades.
The decline in applications is evidence that young people are finally wising up - and making different choices.
https://lnkd.in/e3uCHsrN
The tuition fee increase offers universities some much-needed breathing room amid rising costs. While this adjustment helps offset financial pressures, deeper funding reform is essential.
Read NCUB's Dannielle Croucher's take in our latest blog ⬇️
https://lnkd.in/e4hUSck5
The first thing to say here is how on earth are UK universities meant to forecast the future when the data on studnet numbers from HESA: Higher Education Statistics Agency is two years out of date!
Plus while English universities have lost around £3 billion real income in three years due to inflation, in fact they have gained significantly more than £2.7 billion in increased #internationalstudent#tuition, with the number of international students increasing from 580,000 to 758,000 over the same period, enough we would poset to fill the gap?
Plus we disagree with Mark Corver co-founder of dataHE that there is “no solution in sight yet, these values are already within financial planning timelines for universities.” See our article in Wonkhe, “Students costs or assets.”
What we know for sure is that Universities UK has got it all wrong by even suggesting the UK should be reducing International #studentrecruitment, a valuable source of #diversity & revenue for UK institutions, not to mention a means of building UK #softpower.
Why having lost £3billion already would the body advocating for the sector lobby to loose even more?
There is no issue #recruiting more international students with the caveat that all #universities that #recruit overseas, should support their international students transition to successful #careers back in their home countries on completion of their UK #degree.
This is only possible if they have access to robust representative Non-EU #graduateoutcomes data.
"Almost three quarters of universities in #England will face financial problems next year - despite tuition fees increasing, the BBC has been told. A report published on Friday reveals how financial issues faced by most universities are even worse than previously thought. The Office for Students (OfS) predicts more than a third are likely to have serious cash flow problems.
The outlook has worsened for universities because they have recruited fewer UK and international students than predicted. For home students, the OfS says, UCAS figures suggest numbers have increased by around 1.3% this year, compared with the optimistic 5.8% universities had predicted ...
International #studentrecruitment has also fallen, with overall visa applications down by about 16% this year, and 20% fewer applications from #India alone. Since January, most #internationalstudents have been banned from bringing family members to live with them in the UK." This adds to the pressure on #immigration which both the Torys and Labour party now in government are commited to reducing.
Asia Careers Group SDN BHD - Investing in International Futures
AGCASAIEA - Association of International Education AdministratorsAUIDFBritish CouncilBUILADepartment for Business and TradeDepartment for EducationHigher Education Policy InstituteJiscUKCISAUniversities AustraliaUniversities CanadaUniversities ScotlandUniversities UKUniversities UK InternationalUniversities Wales
