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.

  1. There will be a further two-year freeze on tuition fees.
  2. The fee limit for foundation years will be reduced
  3. The student loan repayment period will be extended to 40 years from 2023
  4. The loans repayment threshold lowered to £25,000 from 2023.
  5. There will be a “Quality and transparency drive” with new minimum thresholds for drop-out rates and progression to graduate jobs.
  6. There will be a Consultation on a minimum qualification requirement of grade 4 in Maths and English to access loans to go to university .
  7. 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.
  8. 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: