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Higher Education: Financial Sustainability — [Valerie Vaz in the Chair]

05 December 2024

Lead MP

Adam Thompson
Erewash
Lab

Responding Minister

Janet Daby

Tags

EducationEconomyEmploymentForeign Affairs
Word Count: 9076
Other Contributors: 4

At a Glance

Adam Thompson raised concerns about higher education: financial sustainability — [valerie vaz in the chair] in Westminster Hall. A government minister responded.

Key Requests to Government:

The Government should commit to increasing funding for teaching through index-linking fees to inflation, restoring previous levels of the teaching grant, ensuring policy stability for international students, establishing a sustainable solution for increased pension contributions, and developing a contract with the university sector to manage growth in international student recruitment.

How the Debate Unfolded

MPs spoke in turn to share their views and ask questions. Here's what each person said:

Lead Contributor

Erewash
Opened the debate
Universities in the UK face declining investment despite recognition of their world-leading status. The financial sustainability challenge is exacerbated by reduced teaching grants, international student decline, and higher pension contributions for staff. These issues threaten economic growth, workforce skills development, and global standing.

Government Response

Janet Daby
Government Response
The Government recognise the financial pressures on higher education institutions and have appointed Sir David Behan as interim chair of the Office for Students to focus on sector stability. The OfS will work closely with providers under significant pressure to protect student interests. Tuition fees will increase by 3.1% in line with inflation, from £9,250 to £9,535 for standard full-time courses and other increases for accelerated and part-time courses. Maximum loans for living costs will also rise by 3.1%, from £10,227 to £10,544. The Government set out five priorities for reform including expanding access for disadvantaged students and improving outcomes, contributing to economic growth, playing a civic role in communities, raising teaching standards, and undertaking efficiency reforms. They are committed to welcoming international students who successfully complete their studies and will have the opportunity to work, live and contribute to national life. The Government will also support low-income students with children or financially dependent adults through non-repayable grants. Research funding will increase to more than £6.1 billion for real-term protection of the UK's research base.
Assessment & feedback
Summary accuracy

About Westminster Hall Debates

Westminster Hall debates are a chance for MPs to raise important issues affecting their constituents and get a response from a government minister. Unlike Prime Minister's Questions, these debates are more in-depth and collaborative. The MP who secured the debate speaks first, other MPs can contribute, and a minister responds with the government's position.