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Behind the HE headlines is one key question – the purpose of universities

The past week’s higher education news demonstrates that there are certain expectations of universities that policymakers, HE leaders and the Augar review are expected to address, says Johnny Rich, Chief Executive of the Engineering Professors’ Council and Chief Executive of outreach organisation Push .

30 VCs sign new Civic University Agreement

Leaders of thirty universities have signed a Civic University Agreement, reaffirming their institution's commitment to their local communities by pledging to put the economy and quality of life in their home towns and cities at the top of their list of priorities.

How to improve the student experience -- ask the students themselves

Jenny Shaw , Student Experience Director at Unite Students, draws lessons on the higher education sector's efforts to improve the student experience from a week of HE news and views.

HEi-think: Why universities should support two year degrees

From this September, students will be able to opt to study an accelerated two year degree, as opposed to a traditional three year course. Professor Malcolm Todd, Provost (Academic) at the University of Derby, discusses why universities should consider the change in legislation and look to offer accelerated degrees.

Research England names KEF pilot institutions

Research England has selected 21 English universities to take part in a pilot Knowledge Exchange Framework (KEF), which will run between February and May 2019.

Writing off graduate debt would cost £80bn less than claimed, but only high earners would gain, says IFS

The long term cost of writing off graduate debt would be up to £80 billion lower than some politicians and commentators have claimed, an analysis by the Institute for Fiscal Studies.

The IFS dismissed suggestions that government debt would rise by £100 billion if it wrote off loans taken out by graduates who paid £9,000 a year tuition fees. The actual cost would be only around £20 billion if action was taken immediately, rising to £60 billion if the policy was pursued after an election in 2022, it said.

However, a paper on the analysis adds that writing off loans would still weaken public finances, and would also largely benefit high-earning graduates, with low earners standing to gain very little.

The analysis follows a debate on the cost of cancelling graduate debt after Labour pledged to scrap tuition fees and its leader Jeremy Corbyn suggested his party would also like to be able to “deal with” the debt burden of those with “the historical misfortune of being at university during the £9,000 period”

Shortly after Labour’s manifesto promise the IFS stated that scrapping fees for new students would increase public borrowing by £11 billion a year.

The new analysis says writing off post-2012 fee loans would bring about a one-off increase in the government’s deficit of £34 billion, but beyond that it would be increased only by the loss of interest that would otherwise have been accrued on the outstanding debt.

“Depending on how the write-off is scored it is possible that the deficit would actually be reduced in future years as less debt will be written off in those years. But of course this would all be dwarfed by the £11 billion a year cost if loans were replaced by “free” tuition going forward,” the paper adds.

The IFS also adds that cancelling graduate debt could leave those who did not borrow the full amount available and the 7 per cent of students starting in 2014-15 who chose to pay fees upfront feeling cheated.

Source: IFS
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