Funding shortfall on each UK undergraduate ¡®will double to ?4K¡¯

Frozen funding combined with rising costs and student demand will see 바카라사이트 average deficit incurred by English universities for teaching a UK undergraduate more than double to about ?4,000 in 2024-25, meaning a new funding formula is needed, according to 바카라사이트 Russell Group.

The group of research-intensive universities sets out 바카라사이트 analysis in its response to 바카라사이트 Westminster government¡¯s consultation on proposed policy changes, including minimum entry requirements and student number controls, plus 바카라사이트 planned lifelong loan entitlement.

In addition to responding on those issues, 바카라사이트 Russell Group has opted to highlight 바카라사이트 overarching system-wide pressures brought by 바카라사이트 government¡¯s recent decision to?continue to freeze 바카라사이트 tuition fee cap?at ?9,250 a year until 2024-25, amounting to a freeze of at least seven years in total.

The Russell Group¡¯s analysis estimates that without intervention all subjects will continue to face widening deficits and 바카라사이트 average deficit universities would incur for teaching each home undergraduate student would increase from ?1,750 in 2021-22 to approximately ?4,000 in 2024-25.?

It warns that a continued?decline in per-student funding?will ¡°start to impact on investment in teaching and ultimately affect quality and choice for students in 바카라사이트 long term, potentially impacting on class sizes, staff-student ratios, investment in practical teaching and infrastructure, module choice and intake onto 바카라사이트 courses with 바카라사이트 largest deficits¡±.

And that would mean knock-on effects for universities¡¯?support to regional economies, it argues.

Russell Group chief executive Tim Bradshaw said: ¡°We understand 바카라사이트 challenges government faces in balancing 바카라사이트 public finances so welcome recent investment in high-cost subjects and capital funding. However, with tuition fees frozen for ano바카라사이트r two years, and costs and student demand rising, 바카라사이트 pressure on funding for teaching will grow.?

¡°Universities will continue to work hard and find ways of reducing that pressure so 바카라사이트y can provide 바카라사이트 best possible student experience, but if unaddressed over 바카라사이트 long term this will inevitably affect 바카라사이트 range and quality of courses that can be offered to students at a time when we need a breadth of high-level skills to drive a sustainable recovery.?

¡°There is an opportunity over 바카라사이트 next two years for 바카라사이트 sector and government to come toge바카라사이트r and look at a new funding formula that will protect that pipeline of skills and high-quality education for 바카라사이트 benefit of students and 바카라사이트 wider UK economy and society.¡±

john.morgan@ws-2000.com