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Universities: Finance

Question for Department for Education

UIN HL9679, tabled on 27 October 2020

To ask Her Majesty's Government what assessment they have made of the sustainability of the current university funding model.

Answered on

10 November 2020

We have a progressive student finance system which delivers a fair balance of costs between graduates and taxpayers, while ensuring going to university is affordable for all who choose to do so. The government subsidises around 50% of the cost of higher education. This level of subsidy is an important and conscious investment in the long-term skills of the nation and ensures access to university for all with the potential to benefit from it.

An independent panel, chaired by Philip Augar, undertook a review of post-18 education and funding at the behest of the government in 2018–19. This included an extensive programme of engagement and a call for evidence.

The government is carefully examining the Augar Report and its recommendations as part of the wider Post-18 Education Review. We are considering a response alongside the Spending Review, with a view to providing certainty to providers and students.