Here are the headlines from the government’s response to the Augar review as outlined by Michelle Donelan in a speech to the Centre for Policy Studies on 24th February 2022. This is Part 1 of our commentary, and Part 2 – exploring the risks and opportunities – will follow next week.
- There will be a further two-year freeze on tuition fees.
- The fee limit for foundation years will be reduced
- The student loan repayment period will be extended to 40 years from 2023
- The loans repayment threshold lowered to £25,000 from 2023.
- There will be a “Quality and transparency drive” with new minimum thresholds for drop-out rates and progression to graduate jobs.
- There will be a Consultation on a minimum qualification requirement of grade 4 in Maths and English to access loans to go to university .
- There will also be a Consultation on a Lifelong Loan Entitlement for four years equivalent of long or short courses at any age from 2025.
- The Government will be investing in 4 areas:
a) Equipment and facilities for “high-cost, high-return subjects”
b) Degree apprenticeships
c) A new scholarship programme for students from disadvantaged backgrounds
d) Further education
The full speech can be found here.
Analysis and opinion: