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University leaders commit to pension talks as strikes begin

University leaders have written to the University and College Union to formally outline their commitment to continuing to work with UCU to deliver long-term reform of the Universities Superannuation Scheme. The move comes as UCU members at 60 universities begin strike action in disputes over both pensions and pay.

Gateway to university expertise now provides 'smart match' with business

A platform providing a single access point for businesses to university expertise and funding opportunities has been further developed by the National Centre for Universities and Business, Research England, and UK Research and Innovation, to help 'smart match' business and industry with higher education institutions, in a bid to boost R&D collaboration. Shivaun Meehan, Head of Communications at the NCUB, outlines the latest features of Konfer.

Survey pinpoints ways to make postgraduates even more satisfied

Eight out of 10 postgraduate students taking a taught course in the UK report continued satisfaction with the experience over a five-year period.But a survey of more than 70,000 postgraduates across 85 higher education institutions who responded to the Advance HE Postgraduate Taught Experience Survey (PTES) highlights for the first time areas where institutions could do better still to boost satisfaction levels.

Government should listen to employers on graduate employment

The next government should adopt policies on graduate employment that reflect a less simplistic outlook than the current regime, argues Tristram Hooley, Chief Research Officer at the Institute of Student Employers, which has just published its manifesto wish list.

Think tank report calls for fees to be capped as low as £5,000

Tuition fees should be capped at as low as £5,000 and the interest rate on student loans lowered to match inflation levels, according to a report published by the free-market think tank the Centre for Policy Studies.

The report by the former investment banker Michael Johnson who ran David Cameron’s Economic Competitiveness Policy Group accuses the government of missing a chance to take more radical action on tuition fees by deciding to freeze them at £9,250.

The fees freeze was announced at the Conservative Party conference by Prime Minister Theresa May, along with an increase in the salary threshold at which students have to start repaying their loans from £21,000 to £25,000.  She also announced a major review of university funding, looking at issues such as how to vary the fees charged for each course.

Although the rise in the loans repayment threshold is “an acknowledgement that a fairer funding split between students and the state is required”, it could in practice see student debt write-offs sky-rocket and create a financial time bomb for future taxpayers, according to Johnson, a CPS fellow.

While the Government estimates that one-third of student loans will have to be written off, Johnson calculates the figure at more like 60 per cent or even possibly 75 per cent.

His report, Tuition Fees: A Fairer Fomula, adds: “Cutting the interest rate and the fee cap would lower students’ headline debt burden, and cause expected write-offs to plummet. This would be greatly appreciated by prospective students, and would simplify the student loan framework.”

The current repayment threshold should be maintained, says the report. A lower fees cap of £7,500, or even £5,000, together with a reduced loans interest rate,  would lower the debt burden for graduates and ensure that the Government gets more of its money back.

The proposals would create a funding gap for universities, Johnson acknowledges, which would need to be filled by central government. He recommends mitigating the costs by separating teaching from research, and treating research as investment rather than expenditure.

 

 

 

 

 

 

 

Theresa May "missed opportunity"
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