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Exec Summary Lord Browne Report

Exec Summary Lord Browne Report

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Published by bisgovuk
Embargoed Until 7am 12 October 2010(2)
Embargoed Until 7am 12 October 2010(2)

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Published by: bisgovuk on Oct 12, 2010
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Securing aSuStainablefuturefor higher education
an indePendent reVieW of higher education funding & Student finance.
12 October 2010
England has an internationally respected system o higher education. There are now a recordnumber o people enrolled, studying an increasingly varied range o subjects at a diverse set o higher education institutions (‘HEIs’). Graduates go on to higher paid jobs and add to the nation’sstrength in the global knowledge based economy. For a nation o our scale, we possess adisproportionate number o the best perorming HEIs in the world, including three o the top ten.However, our competitive edge is being challenged by advances made elsewhere. Other countriesare increasing investment in their HEIs and educating more people to higher standards.In November 2009, I was asked to lead an independent Panel to review the unding o highereducation and make recommendations to ensure that teaching at our HEIs is sustainably nanced,that the quality o that teaching is world class and that our HEIs remain accessible to anyone who has the talent to succeed. Over the last year, we have consulted widely and intensively.Our recommendations are based on written and oral evidence drawn rom students, teachers,academics, employers and regulators. We have looked at a variety o diferent systems and atevery aspect o implementing them – nancial, practical and educational – to ensure that therecommendations we are making are realistic or the long term. I would like to thank all those who have contributed their knowledge, experience and time to this review. Our ndings arecontained in our ull report and summarised here. Great advances have been made in making it possible or more people rom all backgrounds to
enter an HEI. Currently 45% o people between the ages o 18 and 30 enter an HEI, up rom 39%a decade ago. Improvements have been made to ensure that students rom disadvantaged schoolsor backgrounds are given a air chance to study or a degree. Our recommendations build on thissuccess. Support by way o cash or living (‘maintenance’) will be increased. Those studying or adegree part time will be given proportionate access to unding to those studying ull time.The quality o teaching and o the awarded degrees is the oundation upon which the reputation
and value o our higher education system rests. Our recommendations in this area are based ongiving students the ability to make an inormed choice o where and what to study. Competitiongenerally raises quality. The interests o students will be protected by minimum levels o quality enorced through regulation.England’s HEIs are very varied, in the type o student they attract, the standards o attainment
they require or entry, the courses taught and so on. While most o higher education takes placein an HEI called a university this one word does not capture the reality o their diversity. Ourrecommendations reinorce this diversity. And since one size does not t all, we would expectthe result to be that HEIs will set varied charges or courses. A degree is o benet both to the holder, through higher levels o social contribution and higher
lietime earnings, and to the nation, through higher economic growth rates and the improvedhealth o society. Getting the balance o unding appropriate to reect these benets is essentiali unding is to be sustainable. Our recommendations place more o the burden o unding ongraduates, but they contribute only when they can aford to repay the costs nanced. Studentsdo not pay charges, only graduates do; and then only i they are successul. The system o payments is highly progressive. No one earning under £21,000 will pay anything.
Lord Browne at City of Westminster College.
2 |
Independent Review of Higher Education Funding & Student Finance
Panel MeMberS
 JuliaKing Rajay Naik PeterSands
For full member biographies, please visit our website:www.independent.gov.uk/ browne-report
 JohnBrowneMichaelBarberDianeCoyleDavidEastwood We estimate that only the top 40% o earners on average will pay back all the charges paid on theirbehal by the Government upront; and the 20% o lowest earners will pay less than today. For allstudents, studying or a degree will be a risk ree activity. The return to graduates or studying willbe on average around 400%.In ormulating our recommendations we had to balance the level o participation, the quality o teaching and the sustainability o unding; changing one component has an impact on the others. What we recommend is a radical departure rom the existing way in which HEIs are nanced.Rather than the Government providing a block grant or teaching to HEIs, their nance now ollows the student who has chosen and been admitted to study. Choice is in the hands o thestudent. HEIs can charge diferent and higher ees provided that they can show improvementsin the student experience and demonstrate progress in providing air access and, o course,students are prepared to entertain such charges.Our recommendations will lead to a signicant change; we do not underestimate the work that will be required. Since this review was commissioned the pressure on public spending hasincreased signicantly. This will add urgency to make unding sustainable. We hope that,as these recommendations are debated, no one loses sight o the powerul role that highereducation will play in continuing to build the greatness o this nation.Respectully submitted on behal o the Review Panel, by 
lord broWne of MadingleY, frS, frengchairMan
12 October 2010
Independent Review of Higher Education Funding & Student Finance
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