Select Committee · Public Accounts Committee

Financial sustainability of the higher education sector in England

Status: Closed Opened: 12 Jan 2022 Closed: 2 Sep 2022 10 recommendations 16 conclusions 1 report

Higher education providers can have a fundamental influence on the future lives of graduates, with consequences for the national economy. Providers are independent bodies, and the sector’s financial sustainability is heavily dependent on student fee income, top-up grant funding, and government research funding. Providers face a range of financial pressures, including challenges arising from the … Show more

Clear

Reports

1 report
Title HC No. Published Items Response
Eighth Report - Financial sustainability of the higher educ… HC 257 15 Jun 2022 26 Responded

Recommendations & Conclusions

10 items
3 Recommendation Eighth Report - Financial sustainabilit… Accepted

Protections for students, in the event of providers facing financial distress, are not strong enough.

Protections for students, in the event of providers facing financial distress, are not strong enough. The OfS requires providers to have a student protection plan in place to address the risk of continuity of study for its students, but it has identified common weaknesses in them – including over-optimism about … Read more

Government response AI summary
The government agrees that the OfS should prioritize ensuring that all providers’ published student protection plans are fit for purpose and sufficiently clear, highlighting the OfS's risk-based approach, the introduction of Registration condition C4, and intentions to begin discussions with the sector to update and …
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HM Treasury
5 Recommendation Eighth Report - Financial sustainabilit… Accepted

Student satisfaction with the value for money of their courses is at a worryingly low...

Student satisfaction with the value for money of their courses is at a worryingly low level. One of the OfS’s four regulatory objectives is that students receive value for money. OfS says that students should receive the academic experience they were promised by their provider and their interests as consumers … Read more

Government response AI summary
The OfS is introducing an enhanced quality regulatory regime including student outcome thresholds and new registration conditions covering students’ academic experience; it is also considering how it measures value for money and is reviewing blended learning.
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HM Treasury
8 Recommendation Eighth Report - Financial sustainabilit… Accepted

We asked the OfS whether satisfaction rates among students had changed as a result of...

We asked the OfS whether satisfaction rates among students had changed as a result of the pandemic, and what the impact of hybrid learning had been on students. The OfS told us that, following the widespread use of online provision during the COVID-19 pandemic, it was undertaking work to better … Read more

Government response AI summary
The government agrees to improve the quality of higher education provision and ensure students are satisfied with value for money, with the OfS introducing an enhanced quality regulatory regime and reviewing blended learning, with a target implementation date of Autumn 2022.
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HM Treasury
9 Conclusion Eighth Report - Financial sustainabilit… Accepted

To create and maintain its regulatory independence, and seeking to minimise regulatory burden, the OfS...

To create and maintain its regulatory independence, and seeking to minimise regulatory burden, the OfS does not maintain close ongoing contact with individual providers it considers at low risk. The OfS explained that it collected “a basic core from every registered university and college” but beyond this it considered its … Read more

Government response AI summary
The government agrees with the committee's observation but states that the OfS already ensures robust protections through a risk-based approach and a new registration condition (C4) introduced in April 2021, which strengthens providers' plans to protect students.
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HM Treasury
11 Recommendation Eighth Report - Financial sustainabilit… Accepted

The National Audit Office reported that the OfS does not yet have a complete and...

The National Audit Office reported that the OfS does not yet have a complete and transparent set of performance measures to demonstrate its own performance as a regulator.21 Of the 26 performance indicators the OfS sets out on its website, eight are still in development or have incomplete performance information … Read more

Government response AI summary
The government agrees to work with the OfS to establish a complete set of robust, published performance measures and targets, including structured feedback from providers, to hold the OfS to account for its effectiveness, with a target implementation date of September 2022.
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HM Treasury
12 Recommendation Eighth Report - Financial sustainabilit… Accepted

The OfS assured us that it consulted widely on changes to its regulatory framework and...

The OfS assured us that it consulted widely on changes to its regulatory framework and holds meetings and workshops with stakeholder groups. However, there is no routine way in which it captures structured stakeholder feedback through which it can gather the views of regulated bodies on its own performance. It … Read more

Government response AI summary
The OfS is in the process of concluding the review of its key performance measures, with a view to these being published by September 2022 and the Department for Education is working with the OfS to agree an aligned suite of internal performance measures which …
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HM Treasury
13 Recommendation Eighth Report - Financial sustainabilit… Accepted

Publicly funded teaching and research make a loss across the sector once the full economic...

Publicly funded teaching and research make a loss across the sector once the full economic costs of those activities are taken into account. Providers’ financial viability depends on subsidising these activities from the surplus generated by non-publicly funded teaching – primarily fees from overseas students.24 The Department told us that … Read more

Government response AI summary
The government agrees to set out the risks to achieving continued forecast growth in overseas student numbers and explain how it is mitigating those risks, noting the importance of the International Education Strategy (IES) and diversification of international student recruitment.
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HM Treasury
22 Conclusion Eighth Report - Financial sustainabilit… Accepted

The OfS told us that one of the things it became very aware of during...

The OfS told us that one of the things it became very aware of during the early days of the pandemic was that it did not have the tools needed to intervene quickly if facing a provider failure. It said that, because addressing that issue was urgent, in early 2020 … Read more

Government response AI summary
The government agrees with the Committee’s recommendation and the OfS focus has been ensuring that protections are as robust as possible in those providers which might face financial distress.
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HM Treasury
24 Conclusion Eighth Report - Financial sustainabilit… Accepted

The results of the National Student Survey show that overall student satisfaction was stable at...

The results of the National Student Survey show that overall student satisfaction was stable at 82–83% between 2017 and 2020, falling to 75% in 2021.44 The OfS measures students’ perception of value for money in a separate survey, which, unlike the National Student Survey, is not restricted to final-year undergraduates. … Read more

Government response AI summary
The government agrees with the Committee’s recommendation, with the OfS introducing an enhanced quality regulatory regime to tackle the pockets of low-quality provision.
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HM Treasury
26 Conclusion Eighth Report - Financial sustainabilit… Accepted

The OfS suggested to us that students’ satisfaction with their courses and assessments of value...

The OfS suggested to us that students’ satisfaction with their courses and assessments of value for money were also related to their perceptions of what they were getting for the tuition fee. During the pandemic, there were calls for higher education providers to refund a proportion of tuition fees in … Read more

Government response AI summary
The OfS is introducing an enhanced quality regulatory regime including student outcome thresholds and new registration conditions covering students’ academic experience; it is also considering how it measures value for money and is reviewing blended learning.
Read full response →
HM Treasury

Oral evidence sessions

1 session
Date Witnesses
21 Mar 2022 Anne Spinali · Department for Education, Nicola Dandridge · Office for Students, Susan Acland-Hood · The Department for Education View ↗

Who gave evidence

3 witnesses
WitnessOrganisationSessions
Anne Spinali · Director for Higher Education Reform and Funding Department for Education 1
Nicola Dandridge · Chief Executive Office for Students 1
Susan Acland-Hood · Permanent Secretary The Department for Education 1

Correspondence

2 letters
DateDirectionTitle
8 Sep 2022 Correspondence from Susan Lapworth, Interim Chief Executive, Office for Student…
21 Apr 2022 Correspondence from Susan Acland-Hood, Permanent Secretary, Department for Educ…