Universities: Finance
The question
To ask the Secretary of State for Education, what steps she is taking to help ensure the financial sustainability of universities.
Answered by Janet Daby
The department understands that universities are under financial pressure, which is why we have taken the difficult decision to announce a tuition fee rise of 3.1% which will take effect at the start of the 2025/2026 academic year.
The tuition fee limit increase represents an increased investment from students for the sector and will support higher education (HE) providers in managing the financial challenges they are facing.
In return for higher investment, the government is calling for universities to strengthen efforts to improve access and outcomes for disadvantaged students.
The government will be boosting support for disadvantaged learners with an inflation linked increase to maintenance loans for those facing cost of living pressures.
My right hon. Friend, the Secretary of State for Education has already taken the important first step of appointing Sir David Behan as interim Chair of the Office for Students (OfS) to oversee the important work of refocusing the OfS role to concentrate on key priorities, including the HE sector’s financial sustainability. The department continues to work closely with the OfS as the independent regulator of HE in England to understand the changing financial landscape.
The department will also explore how to best continue improving access to HE, widening opportunity for students and learners.
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