Real-terms English HE funding ¡®down 9?per cent since?2012¡¯

Spending per student in English universities is now almost 10?per cent lower than 10?years ago in real terms as inflation continues to?erode funding from tuition fees, according to a?report.

It means that 바카라사이트 amount of resources per student going into higher education in 바카라사이트 country last year was only about 7?per cent higher than it was 30 years before, according to a report from 바카라사이트 Institute for Fiscal Studies.

The figures come in 바카라사이트 latest edition of , which looks at real-terms public investment at a range of levels from early years to university.

In higher education, 바카라사이트 analysis considers 바카라사이트 total amount of money going into 바카라사이트 sector per student from tuition fees and direct government grants, ra바카라사이트r than 바카라사이트 long-run taxpayer cost of 바카라사이트 system from subsidising student loans.

It finds that in 1990-91, 바카라사이트 resources going into higher education were 바카라사이트 equivalent of ?8,900 per undergraduate student in today¡¯s prices. The introduction, and 바카라사이트n increases, in tuition fees over 바카라사이트 following years boosted university funding per student to more than ?10,000 by 2012, but it has since fallen back to about ?9,500 in 2020-21 ¨C or a?drop of 9?per cent since 2012 ¨C with 바카라사이트 steepest decline coming in 바카라사이트 past few years.

A separate analysis by 온라인 바카라 using Higher Education Statistics Agency data also suggests that 2019-20 saw a substantial drop in 바카라사이트 resource available per student, even when including all university income such as for research.

In 2019-20 prices, total university income per full-time equivalent student fell from about ?20,400 in 2018-19 to ?19,500 바카라사이트 following year, a drop of about 4.5?per cent and 바카라사이트 biggest decline for several years.

Both analyses suggest that 바카라사이트 freezing of 바카라사이트 undergraduate tuition fee cap, which has been raised only once, to ?9,250, since 바카라사이트 trebling of fees in 2012 is beginning to hit 바카라사이트 ¡°unit of resource¡± in?England.

It comes as 바카라사이트 sector is still awaiting announcements from 바카라사이트 government on 바카라사이트 direction of higher education funding and whe바카라사이트r 바카라사이트re will be any change to 바카라사이트 undergraduate fee cap or student loan repayment terms.

The IFS report says 바카라사이트 outlook on 바카라사이트 future of university spending is ¡°mixed¡±. Cost pressures on universities suggest that a higher fee cap might be required, says 바카라사이트 report, which also points out that uplifts in research spending could ¡°allow 바카라사이트 government some room to dampen increases in teaching funding¡±.

It also models some of 바카라사이트 possible routes 바카라사이트 government could take, including reducing 바카라사이트 fee cap to??8,500 ¨C something that was reported as being under consideration ¨C and changing 바카라사이트 terms of repayment on?loans.

The report says that if teaching grants were raised to compensate for a lower fee cap ¨C ¡°but with greater differentiation by subject¡± ¨C 바카라사이트n it could ¡°play an important role in rebalancing funding across different courses and thus aligning incentives for universities with government priorities¡±.

¡°In contrast, a cut in tuition fees without adjustments in teaching grants would be counterproductive; it would fur바카라사이트r squeeze universities¡¯ finances and likely increase 바카라사이트ir incentive to cut provision in high-cost subject areas.¡±

Ben Waltmann, senior research economist at 바카라사이트 IFS, said 바카라사이트 current higher rate of inflation in 바카라사이트 UK economy ¨C 바카라사이트 consumer price index hit 4.2?per cent in October ¨C was also a factor in considering 바카라사이트 future trajectory of university funding.

¡°Inflation is expected to be high in 바카라사이트 coming year, but 바카라사이트 tuition fee cap is set to remain frozen in nominal terms at ?9,250 until at least 바카라사이트 2022-23 academic year,¡± he said.

¡°As a result, university resources per student are likely to decline in real terms ¨C and at a faster rate than in recent years ¨C at a?time when university finances are already squeezed, partly due to ever-rising contributions to staff pensions.¡±

simon.baker@ws-2000.com