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Higher Education: Finance

Asked by Jim ShannonDemocratic Unionist PartyDepartment for EducationTabled Answered 31 July 2024UIN 71

The question

To ask the Secretary of State for Education, whether the Government has plans to review the higher education funding model; and if she will take steps to ensure the sustainability of university funding through a model that balances the (a) needs of students and (b) constraints on public finances.

Answered by Janet Daby

Education is a devolved matter, and the response outlines the information for England only.

It is important for universities, their students and staff, that there is a sustainable higher education (HE) funding system that provides opportunities, supports students and maintains the world-leading status of our universities. The government is committed to a sustainable funding model, which supports high value provision, thereby powering opportunity and growth and meeting the skills needs of the country.

The government keeps the HE funding system under continuous review. The department will work with universities to support students and deliver for the economy. An announcement on student finance arrangements for the 2025/26 academic year will be made in due course.

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