Recommendation 25

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 should be, and had found there were different views. There were some common themes and priorities, of which quality of provision was at the core, but also outcomes for students on graduation.47 It told us that quality was at the heart of what the OfS does and is one of its top three concerns, along with financial viability and sustainability, and access, participation and social mobility.48