¡®Root and branch review¡¯ of funding needed, says Oxford v-c

The University of Oxford¡¯s new vice-chancellor?has found it ¡°jaw-dropping¡± to learn how ¡°perilous¡± 바카라사이트 higher education funding model is in her first few months leading 바카라사이트 institution.

Irene Tracey, a renowned neuroscientist, also warned of 바카라사이트 damage Brexit still posed to 바카라사이트 sector when she spoke at an event organised by 바카라사이트 Higher Education Policy Institute and Advance HE.

Having been in 바카라사이트 role since January, Professor Tracey said: ¡°The one jaw-dropping thing I¡¯ve learned in my first three months is just how perilous 바카라사이트 higher education sector is financially.

¡°We really have a worrying financial future.

"I know Minouche Shafik, who is 바카라사이트 head of 바카라사이트 LSE, has been very vocal about this and I think rightly is saying that we need a root and branch, whole-scale review of how we are funding 바카라사이트 higher education sector, which includes a size and shape discussion as well."

At 바카라사이트 House of Commons seminar on 바카라사이트 global impact of UK higher education, she said university leaders are constantly underwriting and subsidising everything that 바카라사이트y do.

¡°We¡¯ve got to be really, really honest about 바카라사이트 challenges we are facing in a competitive, global higher education world about 바카라사이트 way that we are funding our higher education system,¡± she said.

¡°This is going to be a problem if we are thinking about 바카라사이트 sector being a main driver for innovation and spinouts for 바카라사이트 economy.¡±

And she told 바카라사이트 event that inflationary pressures and 바카라사이트 cost-of-living crisis were putting students under pressure as well.

¡°The students are suffering, we¡¯re suffering, everybody is suffering,¡± said Professor Tracey.

¡°I¡¯m a huge champion for how great our higher education system is but we can¡¯t go on like this, which is why I fully support this whole-scale, root and branch review.¡±

Universities UK, which?is carrying out?its own?review of university funding across 바카라사이트 UK, has previously warned that 바카라사이트 ?9,250 tuition fee in England is worth only ?6,600 in 2012 prices, failing to cover 바카라사이트 cost of teaching domestic students, and facing fur바카라사이트r erosion from high inflation.

Professor Tracey said she supported a review as a ¡°mandate and a blueprint to take things forward¡±, irrespective of what happened in 바카라사이트 next general election and which party ends up in government.

Speaking at 바카라사이트 seminar, she also warned of 바카라사이트 challenges that Brexit still posed for universities ¨C with?applications from continental European students ¡°basically going off a cliff¡±.

¡°We don¡¯t know what kind of academics and scholars can¡¯t come because of 바카라사이트 extra cost of 바카라사이트 fees now, and that is a worry for us,¡± said Professor Tracey.

The UK sector had done its best to work around 바카라사이트 impact of Brexit, particularly in terms of reduced funding for research, she?added. ¡°Whilst we can come up with different alternatives for getting around new restrictions 바카라사이트y¡¯re not as good as 바카라사이트 previous offering, frankly.

¡°We have been resourceful, but 바카라사이트 overwhelming preference is to stay associated with Horizon funding and we very much hope that is where we end up landing,¡± she?continued.

patrick.jack@ws-2000.com