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

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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

6 items
2 Recommendation Eighth Report - Financial sustainabilit… Not Addressed

Despite a background of deteriorating financial health of an increasing number of providers, the Department...

Despite a background of deteriorating financial health of an increasing number of providers, the Department is not effectively holding the OfS to account. The Department is responsible for the overall regulatory framework of the sector and for holding the OfS to account. The OfS’s role includes protecting students’ interests from … Read more

Government response AI summary
The response does not address the recommendation of establishing robust performance measures and targets, and instead discusses internal performance measures and consultations with the sector.
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HM Treasury
15 Conclusion Eighth Report - Financial sustainabilit… Not Addressed

We received written evidence from the Universities and Colleges Admissions Service (UCAS), which told us...

We received written evidence from the Universities and Colleges Admissions Service (UCAS), which told us that it also projected growth in recruitment of both domestic 18-year-olds and international students between now and 2026. UCAS projected that the 2026 admissions cycle would have one million applicants compared with just over 700,000 … Read more

Government response AI summary
This response is a duplicate of the response to ID 15155 and does not address the specific observation about UCAS projections for growth in student recruitment and the need for providers to remain financially viable if projections don't materialize.
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HM Treasury
16 Conclusion Eighth Report - Financial sustainabilit… Not Addressed

In 2019–20, more than 340,000 overseas students came from 204 countries worldwide (excluding the EU...

In 2019–20, more than 340,000 overseas students came from 204 countries worldwide (excluding the EU and UK): 35% of those came from China and 14% from India.30 We received written evidence from Universities UK that this income stream may be subject to pressure from wider concerns, with overreliance on certain … Read more

Government response AI summary
This response is a duplicate of the response to ID 15155 and does not address the specific point about diversification of international student recruitment and over-reliance on certain countries.
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HM Treasury
17 Conclusion Eighth Report - Financial sustainabilit… Not Addressed

The Department described the responsibility for maximising international student participation as being a shared one...

The Department described the responsibility for maximising international student participation as being a shared one between government as a whole and individual institutions. We expressed concern about potential tensions between the aims of the Department, along with the Department for Business, Energy and Industrial Strategy, to see more students coming … Read more

Government response AI summary
This response is a duplicate of the response to ID 15155 and does not address the specific concern about tensions between the aims of different departments regarding international students and migration control.
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HM Treasury
23 Conclusion Eighth Report - Financial sustainabilit… Not Addressed

We asked the OfS how it made sure that providers had the relevant preparations in...

We asked the OfS how it made sure that providers had the relevant preparations in place to access support in the event that their financial sustainability was under threat, since some risks could materialise quite quickly. It described a process of escalating requirements, starting with discussions with the provider when … Read more

Government response AI summary
This response is a duplicate of the response to ID 15144 and does not address the specific question about how the OfS ensures that providers have the relevant preparations in place to access support if their financial sustainability is threatened.
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HM Treasury
25 Conclusion Eighth Report - Financial sustainabilit… Not Addressed

The OfS told us that it did not have a definition of value for money...

The OfS told us that it did not have a definition of value for money because it believed that it could mean different things to different people at different times. In 2018 it had commissioned a consortium of student unions to look at what the definition of value for money … Read more

Government response AI summary
This response is a duplicate of the response to ID 15150 and does not address the specific finding that the OfS lacks a definition of value for money.
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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…