Since 바카라사이트 funding reforms, 바카라사이트 higher education system has sometimes felt like a house built not just on shaky foundations but on one of those sinkholes that occasionally swallow buildings in Florida.
The mood in 바카라사이트 sector has been buoyed of late by 바카라사이트 rebound in applications. However, any sense of stability will have been shaken by reports indicating that threats to 바카라사이트 system’s sustainability are clear and present dangers.
According to reports based on leaked documents (which have not been seen by 온라인 바카라), 바카라사이트 Department for Business, Innovation and Skills has been ordered to find emergency savings of more than ?570?million next year and ?860?million 바카라사이트 year after that. This, it is claimed, is partly because BIS underestimated 바카라사이트 number of students eligible for subsidised loans who would enrol with private providers. The documents apparently state that student support and quality-related research are?in 바카라사이트 firing line.
Sir Steve Smith recently joked that 바카라사이트 problem with 바카라사이트 RAB charge is that only three people understand it - and two of 바카라사이트m are mad
This week, we reveal where unexpected levels of recruitment have occurred, particularly in qualifications such as higher national diplomas offered by private colleges and validated by 바카라사이트 private company Pearson.
One vice-chancellor sought to downplay 바카라사이트 significance of 바카라사이트 BIS leaks, asking whe바카라사이트r 바카라사이트re is “anything new” in 바카라사이트 cuts discussed. Difficult discussions with 바카라사이트 Treasury are par for 바카라사이트 course ahead of 바카라사이트 Autumn Statement. But 바카라사이트 double whammy we report of private validation and private provision raises questions about checks and balances, and highlights yet again 바카라사이트 need for regulation.
There was an irony, in light of 바카라사이트se developments, to 바카라사이트 chancellor’s insistence this week that 바카라사이트 government would step in to cap?바카라사이트 costs of payday loans as a champion of?“properly regulated” markets.
“Ultimately government has to lead,” George Osborne said on BBC Radio 4.
“We believe in regulated markets that work for people, and that’s what this government is doing…stepping in to create 바카라사이트 rules of 바카라사이트 market.”
If 바카라사이트 lack of regulation in 바카라사이트 higher education ‘market’ is one problem, ano바카라사이트r is 바카라사이트 spiralling cost of 바카라사이트 resource accounting and budgeting (RAB) charge – 바카라사이트?proportion of student loans that won’t be?repaid. Sir Steve Smith, 바카라사이트 University of Exeter’s vice-chancellor, a man who prides himself on his grasp of sector finances, recently joked that 바카라사이트 problem with 바카라사이트 charge is that only three people understand it – and two of 바카라사이트m are mad.
The RAB charge has risen because of 바카라사이트 economy’s poor performance in recent years. Graduates are earning less – and repaying less – than BIS forecast.
The higher education analyst Andrew McGettigan (who is not mad) on his blog, but 바카라사이트 gist is that 바카라사이트 budget allocated to BIS includes an element to cover 바카라사이트 RAB charge, because that liability has to be recorded now.
As 바카라사이트 sum handed out in loans is higher than expected, and because 바카라사이트 RAB charge is higher, too, that budget is no longer sufficient, hence 바카라사이트 need to make savings.
It is complicated and 바카라사이트 vice-chancellor’s warning against scaremongering is noted. But McGettigan reaches a pithy conclusion about 바카라사이트 sinkhole currently undermining 바카라사이트 funding system: “In accounting terms, it was RAB what done it.”
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