Presentation is loading. Please wait.

Presentation is loading. Please wait.

Joint Information Systems Committee Strategies Conference Focus on Funding Keynote Address by Nigel Brown 7 December 2000.

Similar presentations


Presentation on theme: "Joint Information Systems Committee Strategies Conference Focus on Funding Keynote Address by Nigel Brown 7 December 2000."— Presentation transcript:

1 Joint Information Systems Committee Strategies Conference Focus on Funding Keynote Address by Nigel Brown 7 December 2000

2 Key Contexts Challenge from the Secretary of State Government Expectations Divergence of National Funding Systems within the UK Inadequacy of the Unit of Teaching Resource

3 Funding Review Terms of Reference Stage 1 - to identify the future funding requirements of UK HEIs over the next decade - draw on all available sources of data to undertake a comprehensive review of public and private funding sources and how these are deployed - to assess the extent to which these sources meet the future funding requirement

4 Funding Options Review Terms of Reference (cont.) - cost and model the various funding options including differential fees which might meet the future funding requirements Stage 2 - This will develop criteria against which the strengths and weaknesses of the funding options identified in Stage 1 can be assessed - This assessment will form the basis of policy on the principles for future funding of HE

5 Publicly Planned Funding for HE to £1 bn. additional funds across the three years funding for an extra 45,000 places mainly part-time and sub-degree most other additional funding for specific initiatives, including C&IT little or no increase in the core funding per student - 0 to 0.5% per annum

6 C&IT Requirements Re-tooling Teaching and Learning On-line Student Administration Improving Academic and Pastoral Support Scholarship and Research - Empowering the Individual E-University or E-Universities

7 London Economics Option Types 1. Increased Means-tested Fees (differentiated or undifferentiated) 2. Higher Means-tested Fees for Those from the Wealthiest Backgrounds 3. Increased Fees with Income-contingent Loans 4. Income-contingent graduate contributions

8 Increased Means-tested Fees Increased public contribution Increased private contribution from all students who currently pay a contribution -about 50% from Differential maximum contribution by subject or possibly by institution

9 The Wealthy Pay More No Necessary Increase in Public Funding Those who Currently Pay No Contribution or Pay a Contribution Less Than the Maximum make no increased Contribution Those who Currently Pay the Maximum Contribution Pay an Increased Contribution on a Means-tested Basis up to the average full cost across all subjects

10 Increased Fees Backed By Income-Contingent Loans Increased Public Funding Up-Front to Meet the Increased Fee Payment Decreased Private Contribution Up-Front Contributions from Graduates on an Income-Contingent Basis Until the Total Real Cost is Repaid: Those Who Never Earn Above the Threshold Never Required to Repay

11 Graduate Contributions No Necessary Increase in Public Funding Unless Graduate Contributions Combined with an Increased Up-Front Fee Income-Contingent Graduate Contributions Either Open-Ended(Graduate Tax) or to Some Pre-Set Maximum Can Be Paid to the Exchequer, to a Separate Higher Education Fund,or to the Graduates Institution

12 The Status Quo Means -tested Contribution to Tuition Costs (The Student Fee) up to a Maximum in the Current Year of £1,050 for Full-Time Undergraduates 44% currently pay no fee: This will rise to 50% from The Vast Majority of Maintenance Support is Through Income-Contingent Loans

13 Universities UK Options Under Consideration A. Status Quo with Limited Modification B. Increased Fees Backed by Income- Contingent Loans C. Deferred Payment/Graduate Contributions D. Full Cost Fees and Means-Tested Scholarships E. Institutional Opt-Out/Endowment

14 Higher education funding per student in England, 1993 to 2001 (1999 prices)

15 Tertiary educational expenditure from public and private sources as a percentage of GDP (1997)


Download ppt "Joint Information Systems Committee Strategies Conference Focus on Funding Keynote Address by Nigel Brown 7 December 2000."

Similar presentations


Ads by Google